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VAT registration delays

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The CIOT reports that HMRC is currently dealing with a high volume of VAT registration applications and is processing around 70% of these applications within 30 days. It is prioritising this work and expects to be processing 95% within 30 days by the end of March 2021.

HMRC is encouraging agents and traders to use the online VAT registration service wherever possible, rather than applying on paper, which is generally slower. HMRC highlights the following tips and common errors to be avoided when submitting an application for registration:

  • Addresses provided on the application must match the business’s principal place of business.
  • Notification of a trade classification must match up with the work that the business itself carries out.
  • The VAT liability of trading should be correctly identified.
  • Invalid signatory for the application, e.g. for a corporate body it must be a director, company secretary or authorised signatory or an authorised agent.
  • Invalid dates on the application, e.g. does the effective date of registration requested match up to the circumstances that have been outlined for requesting registration elsewhere in the application?
  • The bank account details provided must be in the name of the taxable person.
Issue: 1521
Categories: News