In case you operate 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 nation of origin then you can claim vat back after vat registration. However,
Http://www.vatcontrol.com/vat/
you should study all different rules required for vat refund before you 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. In the event you too have imported services or goods from a member EU country to the UK and have already paid vat in that country then to prevent 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 as part of 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 use the vat online services provided by HM customs and excise customs vat or go to the hmrc vat web site to register your business first. If you are not internet savvy or have trouble in comprehending vat rules then it would be better to appoint a vat agent that provides 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, 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 should fill the vat form for vat reclaim before 9 months within the next twelve months once you have paid the original vat amount in order to qualify for a vat refund. However, this time around period varies in different countries. You need to 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 that is written in Polish language before it is sent for any reclaim. In such a case, a local vat agent would be in a better 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 within the designated time period specified by the exact country. In the UK the timeframe is generally around 4 months if your claim is processed and approved without any requirement for additional proof. You may receive your vat refund in any EU country that you desire or even in the UK provided you’ve got a valid bank account within the desired country. However, you should remember 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 that country.
If your business requires services or goods which 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 with ease. If you have just started trading internationally you’ll be able to claim vat back after vat registration and reduce your costs to some great extent.