Get the eu countries list that follow vat

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

If your trading company is based in the UK then it is very important to understand fellow EU countries that also follow vat simply because this will continue uniformity in taxation and simplify your paperwork whenever you import items from such countries. You will of course have to pay customs duties, excise duties or import vat on your goods or services based on their classification as deemed by the UK revenue and customs department or hmrc vat department.

For those who have already paid vat in any of the eu countries which are mentioned in the list you’ll be able to go in for vat reclaim once you sell goods in the local market at prevailing vat rates. However, before you begin selling your goods and charging vat on the same you will need to be a vat registered trader. The hmrc vat department offers several vat online services and you could simply download the appropriate vat form to finish the vat registration process, even though you will need to submit documentary proof too. As soon as you get the unique vat no you may issue a vat invoice against each sale and charge the related 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 has been assigned a particular code and follows a specific vat number format. Vat invoices may also be prepared in each country in its own language. For example, Poland issues a faktura vat, that is their version of a vat invoice.

If you want to reclaim vat paid in another country then the simplest way forward would be to hire a vat agent that is an expert in uk vat in addition to eu vat rules. This will likely enable you to file your vat returns correctly and within the stipulated time period while also doing the same when claiming vat refunds in the nation of origin. It is also imperative that you study various classifications in customs, excise and vat duties as well as learn more about vat exempt items so your product cost is reduced in a legal manner. While duty rates could be different in these eu countries, the fact they all follow vat will certainly reduce paperwork and assist you with your cost calculations.

Most eu countries follow vat and this also factor ought to be noted if you plan to import goods or services into the UK or in any other vat friendly EU country. The eu countries list mentioned above should help you to identify countries that follow vat and allow you to definitely import products while avoiding the issue of double taxation by permitting you to definitely reclaim vat back.