Hi quick question, will I need a business bank account to register for a vat number. I am looking to open a import business and I need a vat and EORI number
Yes we would strongly recommend opening a dedicated business bank account for your company. Many of our packages come with a free bank account referral, you can check them out here www.yourcompanyformations.co.uk
Hello I have got some questions I know who in UK Is possible to use a Company whitout a VAT now mu question is 1 can I have an online bank account for example Revolut o Anna without VAT? 2 Can I have a VAT if I am not resident? 3 If I register for VAT I have expenses even if I don't invoice,and I don't earn money I have a film production and distribution company, not a shop,
Yes you do not need to charge VAT unless the company earns over £90,000.00 (2024) in a single 12 month period. Most new companies will not need to register for VAT initially, as it will take some time to reach this level. You can also open a bank account with us without having to register for VAT. Please visit www.yourcompanyformations.co.uk to view packages and buy.
If you havent yet reached the threshold and you are not forecasted to go over the current VAT thereshold, then there is no legal requirement to register for VAT.
