X

GR Morgan Formations:

  • Over 10 years of customer satisfaction.
  • Tailored approach for your company.
  • Full business support packages in over 30 offshore jurisdictions
  • Multi-lingual team
  • Special offers: switch to us now

BRONZE

  • 3-Hour Online Formation
  • Full trading limited company
  • Appointment of your official
buy now

SILVER

  • 3-Hour Online Formation
  • Full trading limited company
  • Appointment of your official
  • Registered office
buy now

GOLD

  • 3-Hour Online Formation
  • Full trading limited company
  • Appointment of your official
  • Nominee Company Secretary
  • Registered office
  • Mail Forwarding
  • UK Bank Accounts
buy now
Search

Phone 0207 939 0405
Our Testimonials


Lo staff di GR Morgan Formations si e’ preso cura del take over della mia societa’: le comunicazioni ora sono puntuali ed efficaci e tutte le procedure vengono espletate in tempo.

Date : 05/05/2014
Author : Francesco - Italy

ADD See More

NOTICE BOARD

Offerta speciale
Passa a GR Morgan Formations! Possiamo battere il TUO ATTUALE PROVIDER, risparmia fino al 50% SULLE TARIFFE STANDARD*
29-04-2016


GR Morgan Formation
Consulto gratuito su società in Regno Unito con GR Morgan Formations
29-04-2016


Special Offer

JOIN US TODAY!

WE WILL BEAT YOUR CURRENT PROVIDER

UP TO 50% LESS ON STANDARD FEES*
29-03-2016


GR Morgan Formation
FREE CONSULTATION ON UK INCORPORATION WITH GR MORGAN FORMATIONS
01-04-2014


VAT Registration

GR MORGAN FORMATIONS can support you while applying for the VAT Number and filing your VAT return. We understand how difficult it is for companies to deal with VAT issues. We are committed to offer complete assistance for your VAT reporting and records. We will oversee your activity to solve any VAT problem that may arise and assist you to plan for the future efficiently. We are able to deal with HM Customs & Excise on your behalf and even offer a general support facility to your firm.

Below are two packages we have designed for a full VAT support:

VAT Application

£ 299.00

 

VAT Return

Trading : £ 125.00

(request quote)

Non trading: £

ECSL declaration: £ 50.00

 

EORI Number

£ 50.00

 

If you are conducting business and your turnover (different to the profit) exceeds the registration threshold then it is compulsory to register for VAT. You are responsible for informing the HMRC when you reach this threshold or as soon as you know you will go over the threshold, a 20% VAT charge will apply on all your sales. There could be fines or penalties if the VAT application in not made on time (within 30 days).

There are two types of VAT registration: COMPULSORY and VOLUNTARY.

Compulsory Registration:

There are two tests for the compulsory registration:

Historic test - when a year (12 months) taxable supply has passed the limit of £83,000.The HMRC must be informed within 30 days.

Future test - When the taxable supply is forecasted to exceed the limit of £83,000 in the next 30 days. HMRC must be informed before the end of this deadline. If the registration is not carried out on time, a penalty will be charged.

Voluntary registration

In case, your taxable turnover doesn’t reach the registration threshold, applying for voluntary registration might be an option as long as you can prove that you are conducting business for VAT purposes. Both benefits and disadvantages are associated with the voluntary registration. Carefully examine them before you apply for it.

One of the benefits you will gain is the enhancement of trustworthiness of your business. Furthermore, in case your activity has standard or zero-rated supplies, you will be eligible for an input tax claim.

On the other hand, the VAT registration involves that you:

  • Take care of the accounting for output tax on all your taxable supplies.
  • Maintain VAT records properly and timely.
  • Send in VAT returns on a regular basis.

The voluntary registration will offer recovery of input VAT (on purchases) and avoid penalties for late registration.

De-registration:

With HMRC either voluntary or compulsory de-registrations are allowed.

Compulsory deregistration is applicable when taxable supplies are stopped by the taxable person. The HMRC must be informed within 30 days from the date of cessation.

Voluntary deregistration is permitted when the evidence indicates that supplies will not exceed £83,000 in the next 12 months. After approval by HMRC your registration will be cancelled.

Contact us to learn more.