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SPECIAL SERVICE
For You Company
VAT Registration £100.00
If you wish we can register your company for VAT on your behalf, by using the VAT Online Registration Service. VAT Registration fee: £100.00. Service includes:
Free advice to fill out application
Submission VAT Application Online
Communicating with the Inland
Revenue
We do not guarantee a VAT Number. If HM Revenue and Customs decline the application we are unable to proceed.
Register as a Self Employer
Our company can help you with registration as a self employer. Please see our service. Setting up as a self-employed sole trader is the simplest and quickest way to start a one-person business.
LTD Company Registration
Now with our company you can register your LTD company within 6-8 hours. This is on line registration. Your company will be register with your choice of companies’ officers and address. Price starts from £25.00!
PLC Company within 6-8h
Our company will form your PLC company within 6-8 hours. This is on line registration. Your company will be register with your choice all company officers and address. There is only one application to fill out.
Why not a LLP?
Our company will help you to register Limited Liability Partnership. Formation usually takes 7 days. Your company will be register with your choice all company members and address.
Accountancy
Our company will support your company in accountancy and bookkeeping service. We will care about your TAX, VAT Return. We will process your payrolls, vat applications. We will take care about your finance. Let us help you.
Registered Address Service
Our company offers prestigious street address in central London that can provide a polished image for your business and allow you to keep your business and personal lives separate. If you do not have UK address this is perfect solution for you.
Nominee Secretary Service
ABS can provide a nominee company secretary for your private limited company. The nominee company secretary service is ideal for sole directors unable to find someone to take on this role.
Apostille and Legalization
Do you need special documents certify by Companies House with apostille legalization. Please review our service.
Companies House Web Filing
All registered companies are required to submit a variety of information on their business activities. Also you need notify Companies House about all changes in your company. If you do not provide this information your company will be proposed for liquidation. Our company offers Companies House Filing Service - with this service you can amend all necessary information. With this service you can promptly fulfil Companies' House requirements.
Opening Bank Account
All companies after company formation in order to start trading need to open bank account. ABS can offer you introductions to all of the major UK banks
Phone Numbers
We are one of the UK's leading suppliers of Non Geographic Numbers, Memorable Numbers, Geographic Numbers and Premium Rate Numbers. All of our Numbers can be Routed to Landline or Mobile Destinations anywhere in the World, or be used as an Inbound Number or as a Fax to Email Number





VAT
Guidance
Value Added Tax Introduction
Value Added Tax, or VAT, is a tax that applies to most business transactions involving the transfer of goods or services. Put simply, a business will pay VAT on its purchases, which is called input tax, and charge VAT on its sales, which is called output tax. If a VAT-registered business receives more output tax from sales than it pays in input tax on purchases, it must pay the difference to HM Revenue & Customs (HMRC). If more input tax has been paid than output tax charged, HMRC will refund the difference to the business.
Registration for VAT
You must register your business for VAT if you supplied taxable goods and services amounting to more than £61,000 in the last 12-month period, or if you anticipate supplying taxable goods and services amounting to more than £61,000 in the next 30-day period alone. Certain types of goods and services are not taxable and are therefore exempt from VAT, for example, insurance, loans, or some types of education or training. If your business supplies only goods and services that are exempt, then you can't register and claim the VAT back on your purchases. If your anticipated turnover for the next year will not exceed £59,000, you can cancel your VAT registration voluntarily. Businesses with a turnover below the registration threshold can register voluntarily.
If you wish you can appoint our company to register on your behalf, by using the VAT Online Registration Service. Both you and your appointed agent will have to be authorised to use the online service. However, as the person actually registering for VAT, you remain legally responsible for the application.

Advantages:
- Ability to reclaim some of your input tax
- Increased credibility for your business - some businesses prefer dealing with suppliers with a VAT number
- If your supplies are to other VAT-registered businesses then they can reclaim the VAT charged.

Disadvantages:
- You will also need to start keeping VAT records, which will mean a lot more paperwork, and fill in a regular VAT return with details of your sales and purchases
- If your supplies are to the public or non-VAT registered businesses then they cannot reclaim the VAT charged
Sales and purchases
If you register for VAT, there are some changes you will need to make in the day-to-day running of your business.
For your sales:
- Starting from your date of VAT registration you will need to issue VAT invoices
- You will need to keep a record of the amount of VAT you charge in your records. This is your output tax.
For your purchases:
- You must have a VAT invoice for all your purchases to be able to reclaim any VAT paid.
- You will need to keep a record of the amount of VAT you have paid in a separate column in your records. This is your input tax.
Rates of VAT
Knowing how much VAT you should charge on a sale is an important part of meeting your VAT obligations. There are three rates of VAT:
- a standard rate, 17.5 per cent
- a reduced rate, 5 per cent - see a list of goods and services currently charged at the reduced rate on the HM Revenue & Customs (HMRC) website
- a zero rate, 0 per cent - discover when to check if your goods and services are zero rated on the HMRC website.
Certain goods and services are classed as exempt and no VAT is charged to the customer. The crucial difference between goods and services that are zero-rated and those that are exempt is that if your business supplies only goods and services that are exempt, then you can't register and claim the VAT back on your purchases.
VAT schemes
Accounting for VAT in the standard way can be time-consuming and costly for some businesses. However, there are alternative VAT accounting schemes that might suit you better:
- Cash accounting scheme
- Flat-rate scheme
- Annual accounting
- Retail schemes
- Second hand goods, works of art etc.
Cash accounting scheme
Under this scheme, you can account for VAT on the basis of payments made and received, instead of on VAT invoices issued and received. You are eligible to use this scheme if your annual taxable turnover is not more than £660,000. You can continue to use the scheme until your annual turnover (excluding VAT) reaches £825,000. You may use the cash accounting basis for a further six months to account for any VAT outstanding on supplies made and received while using the scheme. Any VAT still outstanding at the end of the six month period must be accounted for on the VAT Return ending then. The main benefit of this scheme is that it helps your cash flow, particularly if your customers pay you late, although it also means you can’t reclaim VAT on purchases until you pay your suppliers.
Flat-rate scheme
The flat rate scheme is designed to help small businesses by letting you calculate your VAT payment as a flat rate percentage of your turnover. The percentages are decided according to the trade sector your business is in. Under the scheme you will not be able to reclaim any of the VAT you pay, as this is taken into consideration as part of the percentage calculation. The main benefit of this scheme is that it reduces the time you spend accounting for VAT because you don’t have to record the VAT charged on each individual purchase and sale. Businesses in their first year of VAT registration can also benefit from a 1 per cent reduction in the flat rate. To calculate this, take off 1 per cent from the flat rate for your sector. For example, if your business belongs to a sector which has a flat rate of 10%, you should apply a flat rate of 9 per cent in your first year. You can apply to use this scheme if your annual turnover (excluding VAT) will be £150,000 or less. You can continue to use the scheme until annual total turnover (including VAT) will be £187,500 or less. For the second test above, ‘total turnover’ is the value (including VAT) of all your business supplies, including any exempt and non-business income. Non-business income is only included for deciding whether you can join the scheme. It will not be used to work out how much VAT you need to pay once using the scheme.
VAT accounting schemes
Accounting for VAT in the standard way can be time-consuming and costly for some businesses. However, there are alternative VAT accounting schemes that might suit you better:
- Cash accounting scheme
- Flat-rate scheme
- Annual accounting
- Retail schemes
- Second hand goods, works of art etc.
Annual accounting scheme
Under the annual accounting scheme you make monthly or quarterly instalments during the year - which are based on an estimate of your total annual VAT bill. At the end of the year you submit a single annual return and any balance due. This scheme may not suit you if your business usually gets repayments of VAT, as you will have to wait a whole year for your money. You can use this scheme if your annual turnover (excluding VAT) is not expected to exceed £1,350,000. Businesses using the scheme may continue to use it until their annual turnover (excluding VAT) reaches £1,600,000.
The benefits of this scheme are:
- no big VAT bills at the wrong time because you spread your payments throughout the year
- easier budgeting and cash flow planning because you know how much your instalments are from the start
- less time spent on VAT because you only have to fill in one return a year instead of the usual four
- you get two months to complete and send in your annual VAT Return and balancing payment, instead of one
- you can choose your VAT Return year end to suit your business.
Retail schemes
If you sell direct to the public you may find it difficult to issue a VAT invoice for each sale. There are several retail schemes available to help you with this. The main benefits of these are that:
- they provide an alternative to standard VAT accounting rules, which might be difficult or costly for you to follow
- you will not have to issue VAT invoices unless someone asks for one.
Who can use the schemes? If you are a retailer you can use these schemes to arrive at the value of your taxable retail sales and determine the proportions that are taxable at the different rates of VAT. Each scheme has a turnover limit.
Account for VAT on the margin of second hand goods, works of art, antiques and collectors' items
If you sell second-hand goods, works of art, antiques or collectors' items you can account for VAT on the difference between the purchase price and the selling price, rather than the full value of the sale. The main benefit of the scheme is that when you account for VAT you only do so on the margin, ie the difference between the purchase and selling price. If you buy most of your stock from members of the public or from other dealers who are selling under the margin scheme, you will have no VAT to recover.
Who can use the scheme? The scheme is optional and may be used by those who deal in second-hand goods, works of art, antiques or collectors' items.
VAT returns and payments
Businesses usually account for VAT on a quarterly basis. When you register you will be assigned a tax period and HM Revenue & Customs (HMRC) will automatically send you a VAT return to coincide with the end of this period. Alternatively, you can submit your return via the HMRC website and arrange for an electronic payment. If you enrol for this service, you will continue to receive a paper return (as a reminder) before your electronic return is due. HMRC intend to stop sending out paper returns in the future and replace them with electronic reminders.
You can also choose to use an agent to submit your return using the VAT Online Returns service. If you use an agent, you remain legally responsible for the declaration and payment of any VAT due.
Your completed VAT return and the payment for the tax is normally due one month after the end of your tax period. You may be eligible for extra time if you pay electronically, eg by direct debit, BACS or CHAPS. Most VAT-registered businesses who use these methods will get up to seven extra calendar days from the normal due date to submit their VAT return and to make payment. Some exceptions apply .