Value Added Tax is a mandatory process for businesses to follow the standards of tax regulations. When you register for VAT, your business will be officially registered with the UK government for the collection and remittance on its taxable sales. You can get a refund for your spendings on your business expenses once you properly register. Even though you might have to pay the whole amount at first, you can still get this money back by submitting your return to HMRC. Understanding it, along with its £85,000 threshold, Making Tax Digital (MTD) rules, and finding a compatible software could be complicated and hectic. You don't need to worry because Affotax is here to act as your agent in the UK and guide you on filing UK MTD return. Check out our packages below and let us take the burden off your shoulders – get a quote now!
It covers the essentials, guiding your business through the process to ensure you get the VAT number.
It covers everything in the basic package + we setup gateway login and activate the whole scheme for you.
With our service, you can easily register for VAT as Affotax acts as your agent in the United Kingdom.
Put your trust in Affotax because we make sure to keep your business information safe and confidential.
Save yourself from the frustration as we take this responsibility from you, giving you peace of mind.
The experts here will not leave you in the dark - you will get personalised support during the process.
Free up your valuable time while also taking the load off your shoulders - we have got your back.
It is a formal process in which a business is registered with the government for the collection and remittance on its taxable sales.
Applicants in the UK should apply to HMRC and present documents confirming their identity and place of living. After approval, an applicant receives his tax ID and certificate from HMRC.
To get it, you will have to apply for it online. You must also submit your return on time and maintain correct financial records with HMRC.
Here is why it may be taking too long: 😎HMRC might be verifying specific details before moving forward with your application. •Your application is complex (e.g. it involves a company name change). HMRC is still waiting for specific information from you.
Affotax helps you with everything, which is the most affordable choice for businesses or sole traders in the UK. Check out our packages above and get a quote today!
Here are some of the benefits you can get from being VAT registered: You can charge it on your sales, helping you make more profit. You can also claim back on any goods and services you have purchased. It can help you improve the credibility of your business.
They differ because to register for VAT involves a formal process in which businesses register with the government to collect and remit on their taxable sales. On the other hand, tax registration is a general process in which companies register with the government to pay various taxes, such as income and corporation tax.
If you have any personalised guidance or additional inquiries about our service, please don't hesitate to contact us.