Monday, April 16, 2012

Registering for VAT: requered information

While registering for VAT the following information to be provided about the business:

o Is the business a sole trader or corporate body (limited company)

o Date of incorporation

o Trading name

o Business address

o Briefly describe your current and/or intended business activities in your own word

o Business activities of the company

o Details of your bank account

o Do you expect the VAT on your purchases to regularly exceed the VAT on your taxable supplies?

o Please state your reason for applying for registration:

Ø I am established, or have a fixed establishment, in the UK and make, or intend to make, supplies only outside the UK, for which I am entitled to be VAT registered.

Ø I have taken over, or I am intending to take over, a business that is VAT registered, or that should be VAT registered, as a Transfer Of a Going Concern.

Ø I am changing the legal entity that owns a VAT registered business (eg from sole proprietor to a limited company).

Ø I am making taxable supplies.

Ø I intend to make taxable supplies.

o Do you expect your taxable turnover in the next 30 days alone to exceed the registration threshold or has such an expectation ever arisen at any time in the past?

o What was the first date an expectation arose?

o Do you wish to be registered from a date earlier than the date on which you are obliged to be registered?

o Enter an estimate of the value of your taxable supplies in the next 12 months

o Do you expect to make any exempt supplies?

o Do you expect to buy/sell goods from other EU member states in the next 12 months?

o Do you want exemption from registration because your taxable supplies are wholly or mainly zero-rated?

o Applicant's personal details

o Directors’ address, date of birth, National Insurance number or UTR

source: hmrc.gov.uk

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