You recently bought the company with already issued VAT GB number. Previous company directors registered a company to VAT, using the trading address. Now as new owner you need change trading address , registered office address. You changed Companies House records, but records in VIES won’t change automatically.
You are obliged to enter the business and personal details, including your company position, VRN – Vat Registration Number, new contact details ( e-mail, phone number, business phone number), new trading address. Additionally, you can change periods of VAT returns ( monthly, quarterly periods). The form needs to be signed by an authorised person – company director or Attorney.
Next step is sending original application to postal delivery address to HMRC:
Grimsby National Registration Service, HM Revenue and Customs, Imperial House, 77 Victoria Street, Grimsby DN31 1DB.
When the records will be changed?
The timeframe of changing records consumes a lot of time. Basically, on our previous experience – the period of changing trading address and other VAT details takes 2-3 weeks from receiving an application by HMRC.
If you act as an export/import seller – you need to do all paperwork on time because you can have troubles with custom clearance – especially in the case if the company address in Companies House does not exact to VIES / EORI address – addresses are different. Please note the company needs file all previous and actual VAT returns on time to avoid potential penalties and troubles with international EU trading.
0% Coropration Tax for companies that do not pay dividends and invest funds. Imagine you are generating bitcoin sales and holding money on an account in Estonia and you have a 0% Corporation Tax rate. Does not that sound like a tax haven?
In Estonia, no ordinary income is distinguished from Capital Gains Tax income. You must, of course, keep accounting. Cryptocurrencies are treated just like ordinary national currencies. If you want to run FIAT currency exchange office for cryptocurrencies, you’ve come to the right place. You will not pay VAT on such transactions, because cryptocurrencies are neutral in terms of VAT – they are treated similar to financial services.
We’ll help you get one of two types of licenses:
License to operate a virtual currency exchange office (exchange of FIAT currency for cryptocurrency and vice versa)
Virtual wallet license – cold wallet and hot wallet
Licenses are issued by the Estonian Financial Intelligence Unit (FIU) after submitting a special application. The process takes about 30 business days. We can help you get a license if you already have an Estonian company or if you do not have it – you can buy a ready-made company from us with a license.
We will guide you through the process of changing shares. To this end, we will sign a share sale agreement. You will give us the power of attorney to represent you before a local notary and FIU.
Required documents from you are:
Passport or ID card
Power of Attorney
Description of your business and CV
Website addresses, telephone numbers
and e-mail addresses
criminal record certificate
All the above documents should be standardized and have an Apostille. After completing all the formalities, we’ll teach you how to research the client to meet the requirements Estonian AML / KYC Procedure on Counteracting Money Laundering and Financing of Terrorism.