You can claim vat back after vat registration

If you operate a trading business in the united kingdom or other EU country and also have imported goods or services that has already paid vat in the nation 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 people can claim VAT or value added tax when they go back to their country by simply showing the original vat invoice displaying the vat rate and vat amount, businesses have to furnish a lot more details before they can be eligible for a a refund. 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. Although you might not be in a position 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’re not vat registered then you can utilize the vat online services provided by HM customs and excise customs vat or go to the hmrc vat website 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 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 different countries and register them separately, particularly if you import goods and services from different countries.

You should make sure that you retain all original documents of vat paid within the original country before you claim vat back. You should fill the vat form for vat reclaim before 9 months within the next calendar year once you have paid the initial vat amount so that you can qualify for a vat refund. However, this time around period varies in various 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 that is coded in Polish language before it is sent for a reclaim. In such a case, the local vat agent would be in a very better position to comprehend the specific laws for each country.

After you have submitted all relevant documents to claim vat back, then you ought to get the vat refund in the designated time frame specified by the exact country. In great britan the timeframe is usually around 4 months if your claim is processed and approved without the requirement for additional proof. You may receive your vat refund in a EU country that you desire or perhaps the UK provided you have a valid banking account within the desired country. However, remember that to submit proper documentation since any rejected vat claim will usually be looked with suspicion and handled strictly by the concerned vat authorities of the country.

If your business requires goods or services which have already paid vat in the country of origin before reaching the shores of your country in which you need to pay vat again, then you can claim back the excess vat paid on them. A vat agent that’s 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 then you can claim vat back after vat registration and lower your costs to some large degree.