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 goods or services which 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 necessary for vat refund before you stake your claim for any vat reclaim.

Although tourists and certain other individuals can claim VAT or vat when they return back to their own country by simply showing the original vat invoice displaying the vat rate and vat amount, businesses need to furnish many more details before they can be eligible for a vatvalidation reimbursement. If you too have imported goods or services from a member EU country into the UK and also have already paid vat in that country then in order to avoid double taxation and reduce your costs, you should surely apply for a vat refund. Even though you might not be able to directly deduct the vat amount in your next vat return, you can surely claim vat back from your country of origin provided you follow their vat rules.

If you are 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 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 applying for refunds and handling vat returns. Now you can authorize your vat agent to submit your vat claims on your behalf. You can also appoint different vat agents in different countries and register them separately, particularly if you import goods and services from different countries.

You should ensure that you retain all original documents of vat paid in the original country before you claim vat back. You need to fill the vat form for vat reclaim before 9 months within the next twelve months once you have paid the initial vat amount so that you can qualify for a vat refund. However, this time around 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 is sent for any reclaim. When this happens, a local vat agent would be in a stronger position to comprehend the specific 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 frame specified by the specific country. In great britan the timeframe is usually around 4 months when your claim is processed and approved without any requirement for additional proof. You can receive your vat refund in any EU country that you want or even in britain provided you’ve got a valid banking account within 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 in which you have to pay vat again, you’ll be able to reclaim the extra vat paid on them. A vat agent that is amply trained in international and national vat rules will be able to help you towards claiming vat back without difficulty. 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 large degree.