Documents needed to start
- Articles of Organisation/ Articles of Incorporation/ Business Extract.
- Director’s proof of address X2: these can be electricity/water/phone bills or bank statements.
- Valid Director’s passport.
- AVASK application form.
Timeframes:
- VAT: 2 months
- Takeover: 8-12 weeks
- OSS: 6 weeks
- IOSS: 3 weeks
- EORI: 1 week
Documents requested by the Tax Office
- Company bank statement
- Hand signed Power of Attorney
- Estimated turnover for current year
VAT Number Format: FR1234567890
Filing Frequency: Monthly filings.
Filing & Payment Deadline: 19 days after the period end date
Repayments: Repayments are usually paid within 6 months of the repayment being approved. Approval can take 3 to 6 months. Timeframes are dependent on the tax office being satisfied with the legitimacy of the source of the refund.
VAT Rates:
- Standard: 20%
- Reduced Rate 1: 10%
- Reduced Rate 2: 5.5%
- Reduced Rate 3: 2.1%