How To Register Business For Vat
When to register for vat.
How to register business for vat. How to register for vat. Go to the register for hmrc taxes page select the appropriate option then click the next button to go through the pages. Login to sars efiling 3. In order to gain access to the vat online services you must first have registered for hmrc online services or the government gateway. Click sars registered details on the side menu 5.
This guide is also available in welsh cymraeg. On the final page select i have an account login. Select vat and follow the final steps to complete your vat registration application. Select notice of registration 6. You must pay hmrc any vat you owe from the date they register you.
Once your income reaches the 85 000 limit on your vatable turnover then you can register for vat online. Applicants who have a business established in the state should complete the following forms online. You must register your business for value added tax vat if the total value of taxable goods or services is more than r1 million in a 12 month period or is expected to exceed this amount. Go to the organizations main menu 4. By doing this you ll register for vat and create a vat online account.
If you have a government gateway id. You can register voluntarily if your business turnover is below 85 000. Online or via a paper form. Most businesses can register online including partnerships and a group of companies registering under one vat number. If your business turnover reaches or is expected to reach the current vat registration threshold of 85 000 from 1st april 2017 during any 12 month period you will need to register your business for vat.
Unless you have unusual circumstances for example if you trade internationally or are part of a group you may register for vat online at hmrc s website www hmrc gov uk. You must register your business for vat with hm revenue and customs hmrc if its vat taxable turnover is more than 85 000. Some goods and services are exempt from vat such as education and health. Whatever your business structure you may need to register for vat or equally take advantage of the benefits of being vat registered. There are currently two ways to register for vat.