You must register for VAT as soon as either your business passes £85,000 in turnover or you predict that, within your company’s current financial year, you will pass that level of revenue.
EZ Accountants has helped thousands of businesses to successfully register VAT since we began trading. VAT is a complicated tax and many companies, when registering, make mistakes on their form which hold up the issuance of their VAT number.
VAT registration for Small Businesses
Completion of VAT(VAT01) form for registration
Our experts will, in consultation with you, complete the VAT01 form so that your business can successfully apply for its VAT registration number. Once completed, we will email you the completed form to sign. After you have put your signature on the document, you can either post it back to us or scan and email it.
Submission of the VAT01 form to the correct department
There are two different HMRC offices handling different types of VAT registration based upon your company’s history and your personal history. To make sure you receive your VAT number as quickly as possible, we will submit the form to the relevant VAT registration office address.
Receipt of VAT number
You will receive your VAT number direct from HMRC. Around three quarters of all VAT numbers are received within 10 working days. At busier times, HMRC may take up to a month to provide you with your VAT number.
Application to join a specialist scheme
If, after consultation with our team or with your accountant, you decide that your business would benefit from joining either the Flat Rate Scheme, the Annual Accounting Scheme, or the Annual Accounting Scheme plus the Flat Rate Scheme to the correct office, we will make the necessary application on your behalf. Depending on your circumstances, you may need to sign and return a hard copy of the application form we fill in on your behalf.
Acknowledgement that you have joined an alternative scheme
You will receive notification direct from HMRC, normally within 10 working days, that your application to join either the Flat Rate Scheme, the Annual Accounting Scheme, or the Annual Accounting Scheme plus the Flat Rate Scheme to the correct office has been successful.