Online VAT Registration
Avoid VAT penalties from common mistakes by utilising our expert online VAT registration service.
Avoid VAT penalties from common mistakes by utilising our expert online VAT registration service.
Companies have to apply to HMRC to register for VAT. It’s a complicated process and it’s common for businesses to make mistakes on their VAT application form.
Honest but common mistakes mean that companies are often faced with VAT penalties. In order to avoid that, it is advisable to seek professional help and we offer that through our online VAT registration service.
In the UK, companies that have a VAT taxable turnover that exceeds £85,000 need VAT registration. Once you've registered, HMRC sends a VAT registration certificate that confirms your VAT number.
You will need to charge VAT on goods and services provided once you are VAT registered. However, not all goods and services charge 20% VAT, some attract a 5% rate and others attract a zero rate.
You need to know the right VAT rate for your goods and services so you can charge correctly. Find out more from the UK government.
If a transaction is a standard, reduced or zero-rated taxable supply, you need to:
There is output VAT and input VAT. Output VAT is the VAT you charge on your goods or services. Input VAT is the VAT you are charged by a supplier when you make a purchase.
At the end of your VAT period, you will need to add up the total output VAT and subtract the total input VAT. If the difference is positive you need to pay this amount to HMRC, but if the difference is negative, HMRC will pay you the difference.
Any VAT owed needs to be paid one month and seven days after the end of a VAT period.
Flat rate VAT would mean a business would pay VAT as a fixed percentage of their annual turnover. This idea is based on the fact that businesses pay roughly the same amount of VAT without having to complete as much paperwork as other VAT schemes.
Rather than calculating VAT by subtracting input VAT from output VAT, businesses keep the difference between the amount of VAT paid to HMRC and the amount of VAT paid by customers. If your annual turnover is £150,000 or less, you can join the flat rate VAT scheme. However, unlike the other VAT schemes, you will not be able to reclaim VAT on purchases, though there are some exceptions for goods and services bought for the business if it’s worth more than £2,000.
If you spend more than 2% of your VAT-inclusive turnover on goods and services which you are charged VAT on by suppliers, but the cash amount on the goods and services is less than £1,000 a year, the Flat Rate VAT is not suitable for your business.
Yes. You can still register for VAT if your annual turnover is less than £85,000.
If you are VAT registered, you can claim back VAT that your company paid over the previous four years for any goods still used and for the previous six months on any services.
If your business supplies zero-rated goods and services you are able to claim back the VAT you pay each quarter.
Many VAT registered businesses and public sector organisations prefer to deal with VAT registered suppliers, so you could get more business.
If you do business with any VAT registered businesses, they will not be able to claim back VAT purchases they have made from you. This would put you at a disadvantage if you’re competing against other VAT-registered businesses.
Instead of completing a VAT return every quarter, the annual accounting VAT scheme allows businesses to make quarterly or monthly payments towards their annual VAT bill, while only submitting one VAT return a year.
To join the scheme your turnover must be less than £1.35m and you cannot have left the scheme in the past 12 months. You would not be able to join the scheme if you are not up to date with your VAT payments, VAT returns, or if you are insolvent.
If you stop being eligible or reach a turnover of more than £1.6 million, you will have to leave the scheme.
For help and advice on VAT registration, please contact Clever Company Formations at info@clevercompanyformations.co.uk.
We offer a service that allows business owners the use of our prestigious address as if it were their own, and get official mail passed on to them hassle-free and confidentially without compromising their private residential address.
Our service allows you to receive your company’s correspondence at our central London location as if it were your own, giving the appearance of your business being based in the heart of the capital.
Use our address to keep your home address private. Companies House legally require all directors of UK companies and partners of LLPs to register a directors business address for the public record.
Simply press buy now and you will be able to purchase the service online, fuss free. Orders are normally completed within 2 working hours, a confirmation email and receipted invoice will be emailed during this period.
Buy OnlineIf you need a new company you can easily add the address service before you complete your purchase. Once you have completed your company incorporation online we will confirm your order by email.
If you already own a company you can simply import the company into our online company manager. All you need to do is select the address service you require and you will be asked to register a new account on our system.
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Many small business owners require meeting room space to meet their clients. We provide modern meeting rooms at your business address in central London. They are fully equipped with fibre optic broadband and present an excellent venue to meet and greet clients.
No forms, no fuss, no signatures, no standing in lines. Simply purchase our service and we’ll guide you further; all you have to do is complete an online application form, and we’ll do the rest, including submitting your business registration to Companies House on your behalf.
Setting up a company with Clever Company Formations means you’ll be ready to trade just about immediately, as we usually get approvals within 3 business hours.
Depending on the package you select, we’ll either send you all official documentation in hard copy format to an address of your choice, or email it to you in PDF format. Documents included are Certificate of Incorporation, Memorandum and Articles of Association, and Share Certificates.
Make changes to your company for free with our Online Company Manager tool.
Clever Company Formations has partnered with some of the best banks to offer our clients cashback when opening a free bank account or business trading account when they start their business through us. And again, we do it all for you by sending your details and applications to the relevant institutions.
Within all our pricing structures, we’ve included the fees and any costs associated with the service so that once you make the payment, everything is included in our pricing. No nasty surprises; it’s all upfront and transparent.
Setting up a company is a big deal and often feels daunting. We know this, and we know you’ll have questions and perhaps need some help here and there. We are ready to serve you with free expert support. If our Knowledge Base and online resources don’t answer any of your questions, we are ready to take your call, before, during or after your company has been formed.
*subject to the time submitted during a working day, Companies house workload & UK public holidays
If you are not confident in completing your new company order online - call our friendly team
and we will complete your order by telephone.
“Clever Company Formations were very professional and easy to work with. I was very impressed with the speed in which they answered my questions via email. The website was easy to navigate and use and the formation packages were affordable. The actual company was incorporated in a very efficient manner. I highly recommend Clever Company Formations.”
“Clever Company Formations made registering a UK company a simple and straight forward process. Establishing a UK brand was as easy and fast as they advertise. The compliance team were very helpful and kept me updated in real time. I was impressed with the range of additional services from accountants all the way through to business banking. They truly offer a complete package for new start-ups wanting to gain a presence in the United Kingdom."
“Fast and inexpensive registration to the company house. The service offered by company formations is agile and fast, customer service is polite and friendly.
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