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 services or goods which 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 necessary for vat refund before you stake your claim for a vat reclaim.

Although tourists and certain other people can claim VAT or vat when they return back in order to their own country by simply showing the original vat invoice displaying the vat rate and vat amount, businesses have to furnish many more details before they are able to qualify for a refund. In the event you too have imported services or goods originating from a vat control member EU country to the UK and have already paid vat in that country then in order to avoid double taxation and lower your costs, you should surely have a vat refund. Although you might not be in a position to directly deduct the vat amount as part of your next vat return, you may surely claim vat back from the 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 web site to register your business first. If you’re not internet savvy or have trouble in comprehending vat rules it could well 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 in your stead. You may also appoint different vat agents in several 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 can claim vat back. You should fill the vat form for vat reclaim before 9 months within the next calendar year once you have paid the initial vat amount so that you can qualify for 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 instance, Poland stipulates that you attach the faktura vat or tax invoice that is written in Polish language before it is sent for any reclaim. In such a case, a local vat agent would be in a very stronger position to understand the specific laws of each country.

Once you have submitted all relevant documents to claim vat back, then you ought to get the vat refund in the designated time period specified by the exact country. In the UK the time period is generally around 4 months if your claim is processed and approved without the need for additional proof. You may receive your vat refund in a EU country that you desire or perhaps the UK provided you’ve got a valid banking account within the desired country. However, remember that 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.

If your business requires services or goods that have already paid vat in the country of origin before reaching the shores of one’s country where you have to pay vat again, you’ll be able to reclaim the extra vat paid on them. A vat agent that’s amply trained in international and national vat rules should be able to help 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 some great extent.