How To Register Business For Vat
Follow these easy steps.
How to register business for vat. This guide is also available in welsh cymraeg. Vat vendors can also request and obtain a vat notice of registration on efiling. You must pay hmrc any vat you owe from the date they register you. Applicants who have a business established in the state should complete the following forms online. You or your tax agent can register your business for vat through revenue s online services ros.
What registration forms should you complete online. If you have a government gateway id. On the final page select i have an account login. Login to sars efiling 3. If your business turnover reaches or is expected to reach the current vat registration threshold of 85 000 from 1st april 2017 during any 12 month period you will need to register your business for vat.
Online or via a paper form. A business may also register voluntarily if the income earned in the past 12 month period exceeded r50 000. How to register for vat. Go to the register for hmrc taxes page select the appropriate option then click the next button to go through the pages. You must register your business for vat with hm revenue and customs hmrc if its vat taxable turnover is more than 85 000.
Most businesses can register online including partnerships and a group of companies registering under one vat number. Once your income reaches the 85 000 limit on your vatable turnover then you can register for vat online. Select vat and follow the final steps to complete your vat registration application. Some goods and services are exempt from vat such as education and health. Select notice of registration 6.
You can register voluntarily if your business turnover is below 85 000. Registering for vat online. Whatever your business structure you may need to register for vat or equally take advantage of the benefits of being vat registered. You must register your business for value added tax vat if the total value of taxable goods or services is more than r1 million in a 12 month period or is expected to exceed this amount. There are currently two ways to register for vat.