Small Business VAT Registration Threshold Explained
Everything you need to know about the VAT registration threshold after April 2024.
Key Highlights
Data Universal Numbering System, D-U-N-S Number, is a unique nine-digit identifier Dun & Bradstreet (D&B) assigned to businesses throughout its lifecycle since 1963. It links to a detailed business credit file, which includes firmographic information such as company name, address, phone number, and corporate relationships like headquarters, branches, and subsidiaries.
As a global standard, the number is recognised by leading organisations such as the European Commission, the United Nations, and the U.S. government, as well as over 50 industry and trade associations worldwide.
The Dun & Bradstreet Data Cloud is an extensive global database with over 500 million business records compiled from various sources, including online platforms and their global network of associates.
Central to the Data Cloud is the Live Business Identity, which aggregates all relevant data about a business entity. At the heart of this system is the D-U-N-S Number.
For businesses registered in the UK or Ireland, DNB may automatically issue the number if they receive relevant data about your company. However, it’s advisable for all companies, including small businesses, to proactively apply for one. The unique nine-digit identifier can enhance your visibility for creditworthiness, contracts, and partnerships and help safeguard against fraud by leveraging its trusted data.
Insight
If your D-U-N-S® number was automatically created—perhaps because another company requested your information—it’s crucial to claim your company profile and take control of the data featured in the cloud.
Businesses outside the UK and Ireland can request a D&B number online. The process typically takes about 30 business days. You’ll need to provide essential details, such as your business name, address, contact information, and employee count. Obtaining the number is free and can facilitate better negotiations and broader business opportunities.
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Your number is crucial for securing financing and business loans. It links to a D&B ® business credit profile in the database, which potential lenders use to assess your financial reliability and stability. It also helps prospective business partners verify your legitimacy and financial health before engaging with you. The DUNS database provides up-to-date financial information, simplifying the process for lenders and affiliates to make informed decisions.
The number is essential for businesses aiming to expand globally. Used in countries like the European Union, the USA, and Australia, it facilitates international trade, fosters new partnerships, and simplifies the process of securing funding. It enhances your credibility with lenders and government agencies, improving your chances of obtaining loans, favourable credit terms, and public contracts. Many international opportunities and contracts require a duns number, making it a crucial asset for global business.
Locating a business d&b d‑u‑n‑s digit is a simple process as follows:
For businesses located outside the UK and Ireland, the process involves a few additional steps:
To ensure your company information is accurate and up-to-date in the Dun & Bradstreet Data Cloud, follow these steps:
For further adjustments, such as financial data, industry classifications, or ownership details, go to the “Add Business Information” section. Enter the new information and submit it for review. DNB will review your updates and ensure your company’s information is accurately reflected in the Data Cloud.
See also: Find & Update Company Information on Companies House Search
Please could you tell me if Southend borough council civic centre Victoria avenue Southend on sea Essex SS26ER is registered as a company corporation with dnb
Regards Trevor
Hi Trevor, please go to the dnb look up page, navigate to the Company D‑U‑N‑S Number Search section, search for the company name ‘Southend Borough Council’ and sift through the results to find the correct listing.
Thank you
Regards Trevor