VAT is a tax calculated based on the added value of goods or services. When China or other non-EU countries/regions import products to EU member states, in addition to customs duties, they also need to pay import VAT. This tax rate is the same as the tax rate for products supplied in EU importing countries. Its calculation method depends on the customs duty-paid price and tariff of the goods. So, let’s find out how much it costs to register a UK VAT tax number?
1. How much does it cost to register a British VAT tax number?
Currently in the Chinese market, the price of VAT registration is approximately RMB 4,200-6,000. In addition, the British tax office’s normal tax rate is 20%, and the sales VAT tax rate will be paid at 7.5% of sales. . If you subsequently register again and are found to need to pay back taxes, the tax bureau will assess the tax at a rate of 20%.
2. Information required for British VAT registration.
1. Company business license.
2. ID card or passport.
3. 2 copies of any of the following supporting documents of the legal person: birth certificate, household register or work certificate of the legal person.
4. Summary report for one month before and after the effective date.
3. Detailed process of UK VAT registration.
1. Register for British VAT and sign an agency contract.
2. Provide the necessary registration VAT information to the French tax representative.
3. Submit the approved materials to the tax bureau.
4. After a period of review by the tax bureau, the seller will be assigned a tax number, and the seller needs to upload it to the platform.
4. Which cross-border e-commerce sellers need to register for VAT?
1. Import to the EU.
2. Use Amazon fulfillment centers or keep inventory in European countries.
3. Transport goods.
4. Sales to individual buyers in European countries/regions, exceeding a certain threshold.
5. Sell goods to corporate sellers in European countries/regions.
The above introduces the relevant knowledge about how much it costs to register a VAT number in the UK. Among many European countries, VAT registration in the UK is the simplest. Sellers only need to prepare relevant registration application materials. , the platform will submit the application directly to the tax bureau and upload it to the official website. If the information is complete, the VAT number will be obtained within one day.