You can claim vat back after vat registration

In case you operate a trading business in the UK or other EU country and have imported services or goods that has already paid vat in the nation of origin you’ll be able to claim vat back after vat registration. However, you should study all different rules required for vat refund before you decide to stake your claim for a vat reclaim.

Although tourists and certain other people can claim VAT or value added tax once they go back to their own country by simply showing the initial vat invoice displaying the vat rate and vat amount, businesses have to furnish a lot more details before they can qualify for reimbursement. If you too have imported services or goods from a vatcontrol member EU country into the UK and have already paid vat in the country then to prevent double taxation and lower your costs, you ought to surely have a vat refund. Even though you might not be in a position to directly deduct the vat amount as part of your next vat return, you can surely claim vat back from your country of origin provided you follow their vat rules.

If you’re not vat registered then you can certainly utilize the vat online services provided by HM customs and excise customs vat or visit the hmrc vat website to register your organization first. If you are not internet savvy or have trouble in comprehending vat rules then it would be better to appoint a vat agent that delivers all vat services including applying for refunds and handling vat returns. You can now authorize your vat agent to submit your vat claims on your behalf. You can also appoint different vat agents in different countries and register them separately, particularly if you import goods and services from different countries.

You should ensure that you retain all original documents of vat paid within the original country before you claim vat back. You should fill up the vat form for vat reclaim before 9 months in the next calendar year once you have paid the initial vat amount in order to be eligible for a a vat refund. However, this time period varies in different countries. You might also need to climb over language barriers between various EU countries while submitting your tax documents. For example, Poland stipulates that you attach the faktura vat or tax invoice that is written in Polish language before it’s sent for a reclaim. When this happens, a local vat agent will be in a very better position to understand the precise laws of each country.

Once you have submitted all relevant documents to claim vat back, then you should receive the vat refund in the designated time frame specified by the exact country. In great britan the time period is generally around 4 months when your own claim is processed and approved without any need for additional proof. You can receive your vat refund in any EU country that you desire or even in the UK provided you have a valid bank account in the desired country. However, you should remember to submit proper documentation since any rejected vat claim will usually be looked with suspicion and handled strictly by the concerned vat authorities of the country.

In case your business requires services or goods which have already paid vat in the country of origin before reaching the shores of one’s country in which you have to pay vat again, you’ll be able to claim back the extra vat paid on them. A vat agent that’s amply trained in international and national vat rules will be able to help you towards claiming vat back without difficulty. If you have just started trading internationally then you can claim vat back after vat registration and reduce your costs to a large degree.