You can claim vat back after vat registration

If you run a trading business in the UK or any other EU country and have imported goods or services that has already paid vat in the country of origin you’ll be able to claim vat back after vat registration. However, you should study many different rules necessary for vat refund before you stake your claim for a vat reclaim.

Although tourists and certain other individuals can claim VAT or vat once they return back in order to their country by simply showing the original vat invoice displaying the vat rate and vat amount, businesses have to furnish many more details before they can be eligible for a a refund. If you too have imported services or goods https://vatregistrationnumber.com originating from a member EU country into the UK and have already paid vat in that country then in order to avoid double taxation and reduce your costs, you should surely have a vat refund. Even though you may not be able 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 are not vat registered then you can use the vat online services provided by HM customs and excise customs vat or visit the hmrc vat website to register your business first. If you’re not internet savvy or have trouble in comprehending vat rules then it could well be better to appoint a vat agent that delivers all vat services including obtaining 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, especially if you import goods and services from different countries.

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

Once you have submitted all relevant documents to assert vat back, then you should receive the vat refund in the designated time frame specified by the exact country. In great britan the timeframe is usually around 4 months if your own claim is processed and approved without the requirement for additional proof. You may receive your vat refund in a EU country that you want or perhaps the UK provided you have a valid bank account within the desired country. However, you should remember to submit proper documentation since any rejected vat claim will most likely 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 nation of origin before reaching the shores of your country where you have to pay vat again, then you can reclaim the excess vat paid on them. A vat agent that is amply trained in international and national vat rules should be able to guide you towards claiming vat back with ease. For those who have just started trading internationally you’ll be able to claim vat back after vat registration and lower your costs to a great extent.