You can claim vat back after vat registration

If you operate a trading business in the UK or any other EU country and have imported goods or services which has already paid vat in the country of origin you’ll be able to claim vat back after vat registration vatcheck. However, it is important to study all different rules necessary for vat refund before you decide to stake your claim for any vat reclaim.

Although tourists and certain other people can claim VAT or value added tax 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 are able to qualify for a refund. If you too have imported services or goods originating from a member EU country into the UK and also have already paid vat in the country then to prevent 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 in your next vat return, you may surely claim vat back from your country of origin provided you follow their vat rules.

If you’re not vat registered then you can use 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 provides all vat services including obtaining refunds and handling vat returns. Now you can authorize your vat agent to submit your vat claims on your behalf. You can also appoint different vat agents in several 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 in the original country before you claim vat back. You need to fill the vat form for vat reclaim before 9 months within the next calendar year after you have paid the initial vat amount so that you can be eligible for a a vat refund. However, this time around 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 just attach the faktura vat or tax invoice that is written in Polish language before it’s sent for a reclaim. When this happens, the local vat agent will be in a stronger position to understand the precise laws for each country.

Once you have submitted all relevant documents to assert vat back, then you should get the vat refund within the designated time period specified by the specific country. In the UK the time period is generally around 4 months if your own claim is processed and approved without any need for additional proof read more here. You can receive your vat refund in any EU country that you want or even in the UK provided you have a valid banking account in 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 that country.

If your business requires services or goods which have already paid vat in the country of origin before reaching the shores of one’s country where you need to pay vat again, you’ll be able to claim back the extra vat paid on them. A vat agent that is well versed in international and national vat rules should be able to guide 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 some large degree.