United Kingdom VAT Services
Why do you need VAT registration in UK?
Non-resident companies maybe need gov.uk VAT registration in the UK without the form a local company. This is call as non-resident VAT trading. We can provide all of the necessary assistance to complete the VAT registration by using government gateway account. We can also advise you with regard to accurately and supporting documentation such as copy invoices & contracts. You may need to submit VAT register online to the HMRC with your VAT registration form.
UK VAT services
FZCO Accountants is specialised in UK VAT registration and filing for non-UK located businesses. It is determine by your business trade. It is not necessarily the country where your business resides. You may require to VAT registration. If your company goods storage in the United Kingdom, or trade internationally over the internet.
How to Register for VAT in the UK
If a business’s taxable turnover exceeds the VAT registration threshold, it must register for VAT with HMRC (Her Majesty’s Revenue and Customs). After registration, the business will receive a VAT number and will be required to charge VAT on its sales and submit VAT returns.
We can help you for HMRC VAT registration. We can assist with the preparation and submission of your VAT returns. If you are a UK located business and you travel to another European Union member country on business. You may entitle to recover VAT amount on some of your expenditure. Each European country has different rules about which expenses are recoverable. The rules can be complex.
We can assist you to assess any VAT refund. We can also compile and submit these claims documents in the relevant tax authority.
What documents required for VAT registration in UK?
VAT UK registration process will need number of documents:
- VAT certificate in your home country,
- Certificate of incorporation or Excerpt of the trade Register with all details about the company´s incorporation in its home country,
- Articles of Association issued as part of the incorporation process in its home country,
- Proof of taxable transactions,
- Power of Attorney
How to Apply for VAT Exemption?
Certain organizations and transactions are exempt from VAT. Non-profit organizations, for example, may apply for VAT exemptions depending on the nature of their work. To claim exemption, businesses must apply to HMRC with the required documentation. A taxable person whose turnover is wholly or primarily zero-rated may request exemption from registration.
Voluntary registration
A business may voluntarily VAT registration if its taxable turnover is below the VAT registration threshold. A business may also voluntarily VAT registration in advance of making taxable supplies. In this case, the business needs to demonstrate to the UK VAT authorities. It has the business intention to make taxable supplies.
How to File VAT Returns in the UK?
VAT returns are filed electronically through the HMRC website using the Making Tax Digital (MTD) system. Businesses must provide details about their VAT transactions, including sales and purchases, and ensure that the figures match their invoices and receipts.
What is the Deadline for VAT Returns?
VAT returns are generally submitted quarterly. Quarters VAT return can stagger into three cycles to ease the HMRC VAT authorities’ administration. The following are the cycles:
- March, June, September and December
- February, May, August and November
- January, April, July and October
Each taxable person is notify at the time of registration of the return cycle it must use. In this case you can see by HMRC VAT login. However, the UK VAT authorities will consider a request to use VAT return periods that correspond with a taxable person’s financial year. In addition, a taxable person whose accounting dates are not based on calendar months. It may request permission to adopt nonstandard tax periods.
Taxable persons that receive regular repayments of VAT refund. It may request permission to submit monthly returns to improve cash flow.
How to Pay VAT in the UK?
VAT returns must submit by the last day of the month following the end of the return period. HMRC VAT payment is also due by this date. Most of the cases, taxable persons has submit their VAT returns by HMRC login. Businesses will have an additional seven calendar days after the normal due date. Which to file their returns and make payment at same date.
VAT returns must complete in pounds sterling but return liabilities may paid in pounds sterling or euros.
VAT Refunds and Exemptions
If you are eligible for VAT refunds or exemptions, there are clear procedures to follow. Here’s how these work in the UK.
Who Can Claim VAT Refunds in the UK?
Businesses that pay VAT on their purchases can claim refunds on the VAT they’ve paid. If a foreign business makes taxable sales in the UK, it may also be able to claim a refund on the VAT it has paid, provided it meets the necessary criteria.
What VAT Exemptions Exist in the UK?
Certain goods and services are exempt from VAT in the UK, including some financial services, healthcare, and education. Exemptions can vary depending on the specific nature of the product or service, and businesses must check the full list of exemptions before assuming their products qualify.
Avoiding VAT Penalties
To avoid penalties, businesses should file VAT returns on time, maintain accurate records, and ensure that VAT is properly charged on all relevant transactions. Additionally, consulting with a tax professional can help avoid costly mistakes.
Deregistration
A taxable person that ceases to be eligible for VAT registration must deregister. A taxable person may also request deregistration if its taxable turnover drops below the deregistration threshold (GBP81,000, effective from 1 April 2016) or if its taxable turnover is wholly or primarily zero-rated. However, deregistration is not compulsory in these circumstances.
Joint and several liability – online marketplaces
Joint and several liability provisions relating to online marketplaces have been introduced. Under these provisions, where an overseas trader who operates through an online marketplace is liable to be registered and account for UK VAT, and they fail to do so, HMRC now has powers in place to hold the online marketplace jointly and severally liable for any UK VAT due.
Frequently Asked Question!
The standard VAT rate in the UK is 20%, with reduced rates for some goods and services.
Yes, foreign businesses that conduct taxable activities in the UK must register for VAT with HMRC.
Businesses can claim VAT refunds on purchases by submitting the required information through the HMRC system.
Exemptions include certain financial services, medical care, and education services.
Businesses typically file VAT returns quarterly, though small businesses may opt for annual returns.
Late VAT filings can result in fines, penalties, and interest charges on outstanding payments.