Description
We can help you to apply for:
- VAT (Value added tax)
- PAYE (employer registration)
VAT Registration: You can voluntary register for VAT at any time in the capacity of an individual sole trader or Limited Company. If, however your turnover reaches £85,000, or is predicted to do so then it will become mandatory to register for VAT.
PAYE (Pay As You Earn) Registration: When a business starts, it is required to register with the HMRC as an employer the moment it hires employees even if it is only one employee. The registration should be done in advance before the business makes its first payments. The PAYE scheme requires you to deduct income tax and national insurance at the correct rates each time a salary is paid. These deductions must then be reported to HMRC.
Included in the price:
- Gathering all the required information to file your company for VAT/PAYE registration
- Filling all the required forms and paperwork
- Submitting the application to HMRC
Important information
- Once your VAT/PAYE application has been received by HMRC should HMRC not request further documentation from them, your registration is likely to be completed within the next 10-15 working days.
- In case HMRC requests further supporting documentation for the application, they will write to your business address to confirm the required information.
- If you run a limited company and you employ one or more people, or have more than one director, you need employers’ liability insurance. Even if you’ve only got close family members on your staff, the fact that your company is incorporated as a limited company means that you’re still required to have a policy.
1. When do I need to apply for VAT number?
In UK a company has to be registered as a VAT payer when the company’s taxable annual turnover exceeds 85 000£ (70 000£ for distance sales into the UK).
2. Is it possible to apply for VAT number before reaching the threshold?
Yes, you may register for VAT before that as well, but please note that HMRC might reject the registration if you can’t give sufficient evidence of business activities in the UK.
3. When do I need to apply for PAYE?
This registration is needed for employing people in the UK.
- DESCRIPTION
-
We can help you to apply for:
- VAT (Value added tax)
- PAYE (employer registration)
VAT Registration: You can voluntary register for VAT at any time in the capacity of an individual sole trader or Limited Company. If, however your turnover reaches £85,000, or is predicted to do so then it will become mandatory to register for VAT.
PAYE (Pay As You Earn) Registration: When a business starts, it is required to register with the HMRC as an employer the moment it hires employees even if it is only one employee. The registration should be done in advance before the business makes its first payments. The PAYE scheme requires you to deduct income tax and national insurance at the correct rates each time a salary is paid. These deductions must then be reported to HMRC.
Included in the price:
- Gathering all the required information to file your company for VAT/PAYE registration
- Filling all the required forms and paperwork
- Submitting the application to HMRC
Important information
- Once your VAT/PAYE application has been received by HMRC should HMRC not request further documentation from them, your registration is likely to be completed within the next 10-15 working days.
- In case HMRC requests further supporting documentation for the application, they will write to your business address to confirm the required information.
- If you run a limited company and you employ one or more people, or have more than one director, you need employers’ liability insurance. Even if you’ve only got close family members on your staff, the fact that your company is incorporated as a limited company means that you’re still required to have a policy.
- FAQ
-
1. When do I need to apply for VAT number?
In UK a company has to be registered as a VAT payer when the company’s taxable annual turnover exceeds 85 000£ (70 000£ for distance sales into the UK).
2. Is it possible to apply for VAT number before reaching the threshold?
Yes, you may register for VAT before that as well, but please note that HMRC might reject the registration if you can’t give sufficient evidence of business activities in the UK.
3. When do I need to apply for PAYE?
This registration is needed for employing people in the UK.
