Online UK VAT Calculation

 Online UK VAT

Also known as goods and services tax (GST), Value Added Tax (VAT) is defined as a tax which is levied on most of the goods and services that VAT registered businesses offer in the UK. It is also levied on goods and a few of services that are imported from countries outside the European Union (EU) or brought into the UK from other EU countries. Each year the Government in the UK sets a figure which if meet by your organisation, you need to register for VAT. We, at Conto Direct, provide you step by step guided online process to register your business for VAT. During the process, we send out experts to follow up your application and ensure it is being processed correctly. Apart from these, we also deal with any queries asked during the registration process.

Online UK VAT Registration

It does not matter what type of business you run, either it is a limited company or not, if your turnover is estimated to be over £60,000 you must register your business for VAT. On the other hand, if you think that in the next 30 days, your annual turnover seems to be going above £60,000, then you must register your business. If you fail to register your business for VAT in such conditions, you may pay penalty. Penalties are calculated at 5%, 10%, or 15%, depending upon the delay between the date of registration and the date HMCE gets your registration notice. As per the VAT registration rule, you need to pay 5 per cent for a delay up to 9 months, 10 per cent from 9 to 18 months, and 15 per cent for a delay over 18 months. In order to avoid any difficulty, you need to take the help of Conto Direct. It advises you to keep a copy of your notification and remember the date on which it was dispatched as postal and other delays may occur. We, Conto Direct, are a popular company offering online VAT registration services in the UK at cost effective rates. Its assistance can also lower or cancel in total penalty if there are genuine circumstances that prevented you from registering your business for VAT at the correct time. Some of the advantages of online VAT registration through Conto Direct Include:

• Fast process
• Hassle free
• No Paper work required

VAT Returns

Due to complex VAT regulations and the increased level of inspection and scope of their investigations, filling out your VAT return properly has become tough; therefore you need the help of professionals like Conto Direct. We help our customers in filling out VAT returns properly. The company is popular for helping its associates in following situation:

• VAT registration
• Different flat rate scheme, cash accounting or annual VAT
• VAT or investigations
• General VAT information
• EU sales lists and VAT compliance issues

VAT Planning and Disputes

With the complex VAT regulations, it is very important to follow the rules and regulations to avoid being issued with heavy fines or finding yourself in a dispute with HMRC. Companies which take our assistance find themselves out of hurdles from legal formalities all the time.