In the UK vat rules specify that you could make an application for vat registration if your taxable sales rise above the vat threshold limit of £70,000 during the past 12 months or if you feel they will do this over the following 30 days, even though you could register even before your sales touch this figure. However, you are able to at the moment only complete basic vat online registration by filling up and submitting vat form 1 online.
The detailed instructions for filing of Audit report u/s 61 of the MVAT Act 2002 in form 704 were issued by the Trade circular No.27T of 2009, dated 1s
If you're planning to import goods into any country including EU States then you need to stay abreast of customs and excise rules in your import business. You'll certainly need to pay customs or excise duties, among others, on the products which you import in your country, according to current rules.
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