You can claim vat back after vat registration
In case you run a trading business in the UK or other EU country and have imported goods or services which has already paid vat in the country of origin then you can claim vat back after vat registration. However,
you should 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 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 also have already paid vat in that country then to prevent double taxation and reduce your costs, you ought to surely have a vat refund. Although you might not be in a position to directly deduct the vat amount in your next vat return, you may 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 offered 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 then it would 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, particularly if you import services and goods from different countries.
You should make sure that you retain all original documents of vat paid in the original country before you claim vat back. You need to fill up 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 might also need 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 which is coded in Polish language before it’s sent for any reclaim. In such a case, a local vat agent will be in a very 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 get the vat refund within the designated time period specified by the exact country. In the UK the time period is usually around 4 months if your claim is processed and approved without the need for additional proof. You may receive your vat refund in any EU country that you want or even in britain provided you have a valid banking account in 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 the country.
If your business requires goods or services 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, you’ll be able to reclaim the extra vat paid on them. A vat agent that is amply trained in international and national vat rules will 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 lower your costs to a large degree.