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 have imported services or goods which has already paid vat in the nation of origin you’ll be able to claim vat back after vat registration. However,


http://www.vatcontrol.com/vat/

you should study all different rules required for vat refund before you decide to stake your claim for any vat reclaim.

Although tourists and certain other individuals can claim VAT or vat once they return back to their own country by simply showing the initial 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 goods or services originating from a member EU country into the UK and also have already paid vat in that country then to prevent double taxation and lower your costs, you should surely have a vat refund. Although you might not be able to directly deduct the vat amount in your next vat return, you may 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 provided by HM customs and excise customs vat or visit the hmrc vat web site to register your organization first. If you’re not internet savvy or have trouble in comprehending vat rules it would be better to appoint a vat agent that delivers all vat services including obtaining refunds and handling vat returns. Now you can 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 services and goods from different countries.

You need to make sure that you retain all original documents of vat paid within the original country before you can claim vat back. You need to fill the vat form for vat reclaim before 9 months within the next twelve months after you have paid the original vat amount so that you can qualify for a vat refund. However, this time around period varies in different countries. You need to to climb over language barriers between various EU countries while submitting your tax documents. For instance, Poland stipulates that you attach the faktura vat or tax invoice that is coded in Polish language before it’s sent for a reclaim. In such a case, the local vat agent would be in a very stronger position to understand the precise laws of each country.

Once you have submitted all relevant documents to claim vat back, then you should receive the vat refund in the designated time period specified by the exact country. In the UK the timeframe is generally around 4 months when your 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 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 that country.

In case your business requires services or goods which 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 claim back the extra 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. For those who have just started trading internationally you’ll be able to claim vat back after vat registration and reduce your costs to some great extent.