How To Register Business For Vat
Go to the organizations main menu 4.
How to register business for vat. You can register voluntarily if your business turnover is below 85 000. Once your income reaches the 85 000 limit on your vatable turnover then you can register for vat online. Most businesses can register online including partnerships and a group of companies registering under one vat number. Some goods and services are exempt from vat such as education and health. Select notice of registration 6.
Vat vendors can also request and obtain a vat notice of registration on efiling. What registration forms should you complete online. When to register for vat. Applicants who have a business established in the state should complete the following forms online. Registering for vat online.
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. To avail of this facility your business must be established in the state. Login to sars efiling 3. Click sars registered details on the side menu 5. You or your tax agent can register your business for vat through revenue s online services ros.
You must register your business for vat with hm revenue and customs hmrc if its vat taxable turnover is more than 85 000. You must pay hmrc any vat you owe from the date they register you. Unless you have unusual circumstances for example if you trade internationally or are part of a group you may register for vat online at hmrc s website www hmrc gov uk. On the final page select i have an account login. How to register for vat.
Online or via a paper form. In order to gain access to the vat online services you must first have registered for hmrc online services or the government gateway. A business may also register voluntarily if the income earned in the past 12 month period exceeded r50 000. By doing this you ll register for vat and create a vat online account. Whatever your business structure you may need to register for vat or equally take advantage of the benefits of being vat registered.