It is possible to claim vat back after vat registration

In case you run a trading business in the united kingdom or any other EU country and also have imported services or goods which has already paid vat in the country of origin you’ll be able to claim vat back after vat registration. However, it is important to study many 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 value added tax once they go back in order to their own country simply by showing the initial http://vatcheck.com/vat vat invoice displaying the vat rate and vat amount, businesses have to furnish a lot more details before they are able to qualify for reimbursement. In the event you too have imported services or goods originating from a member EU country into the UK and have already paid vat in the country then in order to avoid double taxation and lower your costs, you ought to surely apply for a vat refund. Even though you might not be in a position to directly deduct the vat amount as part of your next vat return, you can surely claim vat back from the country of origin provided you follow their vat rules.

If you’re not vat registered then you can use the vat online services offered 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 then it would be better to appoint a vat agent that delivers all vat services including obtaining refunds and handling vat returns. You can now 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 need to ensure that you retain all original documents of vat paid in the original country before you claim vat back. You need to fill up the vat form for vat reclaim before 9 months within the next calendar year once you have paid the initial vat amount in order to qualify for 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, a local vat agent would be in a better position to comprehend the specific laws for each country.

After you have submitted all relevant documents to assert vat back, then you should receive the vat refund in the designated time frame specified by the specific country. In great britan the time period is usually around 4 months if your own claim is processed and approved without the need for additional proof. You may receive your vat refund in a EU country that you want or perhaps the UK provided you’ve got a valid bank account in the desired country. However, you should remember to submit proper documentation since any rejected vat claim will usually be looked with suspicion and handled strictly by the concerned vat authorities of that country.

If your business requires services or goods that have already paid vat in the country of origin before reaching the shores of one’s country in which you have to pay vat again, then you can claim back the extra 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 you’ll be able to claim vat back after vat registration and lower your costs to some large degree.