It is possible to claim vat back after vat registration

In case you operate a trading business in the UK or 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, you should study all different rules necessary for vat refund before you decide to stake your claim for any vat reclaim.

Although tourists and certain other people can claim VAT or vat when they go back in order to their country simply by showing the original 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. If you too have imported goods or services vatregistrationnumber.com 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 reduce your costs, you should surely apply for 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 certainly 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 are not internet savvy or have trouble in comprehending vat rules then it could well be better to appoint a vat agent that provides 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 different countries and register them separately, particularly 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 up the vat form for vat reclaim before 9 months within the next calendar year once you have paid the original vat amount so that you can qualify for a vat refund. However, this time around period varies in various countries. You might also need to climb over language barriers between various EU countries while submitting your tax documents. For example, Poland stipulates that you just attach the faktura vat or tax invoice which is written in Polish language before it’s sent for any reclaim. When this happens, the 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 claim vat back, then you ought to get the vat refund within 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 requirement for additional proof. You may receive your vat refund in a EU country that you desire or even in 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.

In case your business requires services or goods that have already paid vat in the country of origin before reaching the shores of one’s country where 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 should be able to help you towards claiming vat back without difficulty. If you have just started trading internationally then you can claim vat back after vat registration and reduce your costs to some large degree.