You can claim vat back after vat registration

If you run a trading business in the UK or other EU country and also have imported goods or services that has already paid vat in the country of origin then you can claim vat back after vat registration. However, it is important to study many different rules required for vat refund before you 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 simply by showing the original www.vatcheck.com/vat vat invoice displaying the vat rate and vat amount, businesses need to furnish a lot more details before they are able to qualify for a refund. In the event you too have imported services or goods from a member EU country into the UK and also have already paid vat in the country then to prevent double taxation and reduce 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 are 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 are 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 applying for refunds and handling vat returns. Now you can authorize your vat agent to submit your vat claims in your stead. You can also appoint different vat agents in several countries and register them separately, particularly if you import services and goods from different countries.

You should ensure 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 in the next calendar year once you have paid the original vat amount in order to be eligible for a a vat refund. However, this time period varies in different countries. You might also need 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 which is coded in Polish language before it’s sent for a reclaim. In such a case, a local vat agent will be in a stronger position to comprehend the precise laws of each country.

After you have submitted all relevant documents to claim vat back, then you should receive the vat refund within the designated time period specified by the exact country. In the UK the time period is generally around 4 months when your claim is processed and approved without the need for additional proof. You can receive your vat refund in a EU country that you desire or even in the UK provided you have 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.

If your business requires goods or services that have already paid vat in the nation of origin before reaching the shores of one’s 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 will be able to guide you towards claiming vat back with ease. If you have just started trading internationally then you can claim vat back after vat registration and reduce your costs to a large degree.