Change To VAT Registration Protocol

HMRC have made a small, but important, change to the VAT registration application process, and users are now required to provide a detailed breakdown of their taxable turnover and split this by VAT rate including Standard rate (20%), Reduced rate (5%), Zero rate (0%).

The system will display a summary of the values entered, along with the total taxable turnover. Applicants must then confirm whether the figures are correct before the system will allow you to move forward.