Value added taxes, popularly called VAT is the duty collected on every good and service that is traded in the UK and across the EU. This taxes is for the value that is believed to happen to be added in the nation, and therefore the taxes is fully validated internationally and in every country. So for you as a business owner, it is crucial that you register with the VAT office in the UK and that you get the registration number that would be unique to your business and that might put you in the good books of the government bodies and on the good side of the VAT law. When you use for VAT with the HMRC, you would be released a number, which is your UK VAT Number. Your business is not authorized to collect VAT until you happen to be issued this recognition number. This is the reason why you would not be able to charge VAT individually on your receipts any time you sell to your customers. However your business would be held chargeable the minute you apply for the VAT.
This is the reason why businesses are advised to include the VAT to the cost of the goods or the services that they are selling and then make their clients know that you are charging all of them VAT on the goods. Value additional tax is not a duty that is paid by the company, it is rather a taxes that is paid by the buyer of your products or services. This is the cause why it is important that you understand that you have the proper to charge it to your customers without damaging your profit from the sale.
The VAT Number UKis what empowers you to charge your consumers VAT on every single good or service that they buy from you. This is the reason why you need to move fast to get it the minute that it is required of your business to do so.