Get the eu countries list that follow vat

If you wish to import goods or services from EU States or countries then you should first have the eu countries list that follow the system of vat or value added tax. This should help you to stay within the same taxation system, go in for vat refunds and also be beneficial if you are planning to re-export some material back into those EU countries.

In case your trading company is located in the UK then it’s extremely important to understand fellow EU countries that also follow vat simply because this will continue uniformity in taxation and simplify your paperwork when you import items from such countries vat registration number. You will of course have to pay customs duties, excise duties or import vat for your goods or services according to their classification as deemed by the UK revenue and customs department or hmrc vat department.

For those who have already paid vat in most of the eu countries which are mentioned from the list then you can go for vat reclaim as soon as you sell the goods in the local market at prevailing vat rates. However, before you begin selling your goods and charging vat on the very same you will need to be a vat registered trader. The hmrc vat department offers several vat online services and you can simply download the appropriate vat form to complete the vat registration process, although you will need to submit documentary proof too. Once you get the unique vat no then you can issue a vat invoice against each sale and charge the corresponding vat rate to your clients in the local market.

The hmrc website features the eu countries list that follows the system of vat. These countries are Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, and Sweden. However, there are some specific territories within some countries that do not follow vat. Each EU country is assigned a particular code and follows a particular vat number format. Vat invoices are also prepared in each country in its own language. For instance, Poland issues a faktura vat, that is their version of a vat invoice.

If you wish to reclaim vat paid in another country then your best way forward should be to hire a vat agent that is a professional in uk vat as well as eu vat rules. This will likely allow you to file your vat returns correctly and within the stipulated time frame whilst doing the same when claiming vat refunds in the nation of origin imp source. Additionally it is imperative that you study various classifications in customs, excise and vat duties as well as find out about vat exempt items so that your product costs are reduced in a legal manner. While duty rates might be different in these eu countries, the fact each of them follow vat will surely reduce paperwork and assist you with your cost calculations.

Most eu countries follow vat and this factor should certainly be noted if you’re going to import services or goods into the UK or perhaps any other vat friendly EU country. The eu countries list mentioned above should help you to identify countries that follow vat and permit you to import products while avoiding the issue of double taxation by allowing you to reclaim vat back.