You can claim vat back after vat registration

In case 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 then you can claim vat back after vat registration. However, it is important to study all 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 when they go back to their country by simply showing the original vat invoice displaying the vat rate and vat amount, businesses need to furnish a lot more details before they are able to qualify for https://vatvalidation.com a refund. In the event you too have imported goods or services from a member EU country into the UK and have already paid vat in that country then in order to avoid double taxation and lower your costs, you ought to surely have a vat refund. Even though you might 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’re not vat registered then you can 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 provides 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 need to make sure that you retain all original documents of vat paid in the original country before you can claim vat back. You need to fill up the vat form for vat reclaim before 9 months within the next twelve months after you have paid the initial vat amount so that you can be eligible for a a vat refund. However, this time period varies in different countries. You need to 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 which is written in Polish language before it is sent for a reclaim. When this happens, the local vat agent will be in a very better position to understand the precise laws for each country.

After you have submitted all relevant documents to claim vat back, then you should get the vat refund in the designated time period specified by the specific country. In the UK the time period is generally around 4 months when your own claim is processed and approved without the requirement for additional proof. You can receive your vat refund in any EU country that you want or perhaps the UK provided you’ve got a valid bank account in 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.

In case your business requires goods or services which have already paid vat in the nation of origin before reaching the shores of one’s country where you need to pay vat again, then you can reclaim the excess vat paid on them. A vat agent that is well versed in international and national vat rules will 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 lower your costs to some great extent.