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It is possible to claim vat back after vat registration


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In case you run a trading business in the united kingdom or any other EU country and have imported goods or services 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 all different rules required for vat refund before you stake your claim for a vat reclaim.

Although tourists and certain other people can claim VAT or value added tax once they go back to their own country simply by showing the initial vat invoice displaying the vat rate and vat amount, businesses need to furnish a lot more details before they can be eligible for a reimbursement. In the event you too have imported services or goods vatregistrationnumber from a member EU country into the UK and have already paid vat in the country then in order to avoid double taxation and reduce your costs, you should 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 the country of origin provided you follow their vat rules.

If you are not vat registered then you can certainly utilize the vat online services provided 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 it could well be better to appoint a vat agent that delivers all vat services including applying for refunds and handling vat returns. You can now 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, especially if you import services and goods 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 should fill the vat form for vat reclaim before 9 months within the next twelve months once you have paid the original vat amount so that you can be eligible for a 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 attach the faktura vat or tax invoice that is written in Polish language before it is sent for a reclaim. In such a case, a local vat agent will be in a very stronger position to understand the specific laws for each country.

After you have submitted all relevant documents to claim vat back, then you ought to receive the vat refund in the designated time frame specified by the specific country. In the UK the time period is generally around 4 months if your own claim is processed and approved without any need for additional proof. You can receive your vat refund in a EU country that you want or even in the UK provided you’ve got a valid banking 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 the country.

In case your business requires goods or services that have already paid vat in the country of origin before reaching the shores of your country where you have to pay vat again, you’ll be able to claim back the extra vat paid on them. A vat agent that’s amply trained in international and national vat rules should be able to guide 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 a large degree.