If you have started a new business that plans to start trading in services or goods that attract vat or vat then you definitely should complete company vat registration process before you begin trading Http://www.checkvatnumber.com. This will make sure you get a vat number, issue vat invoices, file your vat returns, and claim vat refunds in order to lower the financial burden on your own business on account of duplicate taxation.
If you plan to import services or goods from EU countries which have enveloped vat, you will certainly require to get registered with the relevant vat authorities in your own country. You can utilize vat online services which will allow you register for a vat refund when you import goods or services that have already paid vat in the nation of origin 
. When you are within the vat threshold limit set by the country in becoming a vat registered dealer, you are able to complete the necessary vat form to get your vat no and begin trading as a registered vat trader.
For example, if you are already trading in the UK and also have crossed over the minimum vat limit in taxable sales in the previous 12 months, then you can make an application for company vat registration. You need to speak to your local hmrc vat department or customs and excise customs vat department to start the process for vat registration. You can go to their website and fill in the web based form to put the ball rolling for quick registration. You’ll also need to do a detailed study about the actual vat rates on the products that you propose to trade in, if you are planning to begin a fresh business.
While vat rules are quite simple to comprehend, it will make better sense to appoint a vat agent or vat consultant, especially if you plan to import goods from other EU States where vat might have also been paid before shipping it to your country. This move will help you reclaim vat in those countries in order to arrive at actual costing figures for the products or services. You will also need to file regular vat returns stating your purchase, sales, vat collected and vat sum to be paid for that particular period. A competent vat agent will be in a very stronger position to deal with all your vat requirements so that you can concentrate on other avenues to increase revenues of your business.
There are different vat rates on different goods and services while certain items and services are also vat exempt. If you have not registered for vat then you can certainly start trading but won’t be allowed to collect vat or claim any vat refunds until your enterprise is vat registered. Anyway, most other businesses that you deal with will require your vat registration before they commence business with you in order that the vat chain is not interrupted.
If you have started a business or are planning to do it in the near future then you need to obtain registered for uk vat as well as eu vat, specifically if you plan to contend with other EU countries. This may enable you to claim vat which has already been paid as well as control your product costs by remaining while in the vat cycle. You ought to certainly complete company vat registration process before you start trading on a large scale in order to corner all benefits offered by vat.