Starting a business that needs to import goods or services into the UK can be difficult during these competitive times but understanding the number of eu countries which observe vat can help reduce costs https://vatcontrol.com/vat/. You may easily be able to track tax systems that are a lot like your while claiming vat refunds for previously paid vat in other countries.
There are several countries from the eu which adhere to the system of vat. Even though the language used in the vat invoice might differ in addition to vat rates, the system followed is almost exactly the same Http://vatcontrol.com/vat/. The list of countries in the European Union which have adopted the system of vat are Estonia, Denmark, Bulgaria, Ireland, Latvia, Poland, Spain, Italy, Luxembourg, Belgium, Hungary, Slovak Republic, Czech Republic, Portugal, Sweden, Finland, Slovenia, Austria, Netherlands, Greece, Germany, France, Romania, Malta, Lithuania, and Cyprus. Some territories in this particular list of eu countries have however opted to remain out of the vat gambit. You can go to the hmrc vat or hm revenue and customs web site to read about such territories.
One major advantage you have when importing goods from such eu countries is any vat that you might have paid in a particular country may be refunded to you by that country when you apply for a vat reclaim. This procedure can be handled by an expert vat agent who has offices in the UK as well as in other countries from which your imports come about 
. In addition, if you have attended trade shows inside a eu country and have paid vat for the same then such vat amounts may also be recovered back. This vat refund can surely help shore up your business bottom line while suitably cutting your product costs.
Should you hire a specialist vat, customs duties, and excise duties agent then that agent can also help calculate sales vat rates as well as file your vat returns in the stipulated time period. Vat rates in the UK range between 17.5% for standard vat rates to 5% for reduced vat rates to zero vat rates for specific services and products. There’s also specific products and services that are vat exempt. The hmrc website provides the detailed list of such services and products that are split up into 14,000 classifications.
To be able to claim a vat refund you will have to preserve and submit all original vat documents together with your vat certificate too. While procedures and language in various countries might pose problems, a vat agent amply trained in various vat systems must be able to recover your hard earned cash back to your account. Additionally, there are different time limits within eu countries for submitting a vat reclaim and thus having an in-depth knowledge of eu vat and uk vat rules will certainly offer a distinct advantage to both you and your business.
If you wish to import goods or services into the UK then choosing eu countries that follow vat would offer several distinct advantages. Having the list of eu countries that follow vat can certainly help save money as well as offer ease of operation as the system for paying and collecting vat would be the same in most these countries.