Get the eu countries list that follow vat

If you wish to import goods or services from EU States or countries then you should first get the eu countries list that follow the system of vat or value added tax http://vatnumbersearch.com. This should help you to stay within the same taxation system, go for vat refunds plus benefit you if you plan to re-export some material back into those EU countries.

If your trading company is based in the UK then it is extremely important to understand fellow EU countries that also follow vat since this will continue uniformity in taxation and simplify your paperwork whenever you import items from such countries. You'll obviously have to pay customs duties, excise duties or import vat on your goods or services based on their classification as deemed by the UK revenue and customs department or hmrc vat department.

If you have already paid vat in any of the eu countries which are mentioned from the list then you can go in for vat reclaim once you sell the goods in the local market at prevailing vat rates. However, before you begin selling your goods and charging vat on the very same you will need to become a vat registered trader. The hmrc vat department offers several vat online services and you could simply download the right vat form to complete the vat registration process, even though you will need to submit documentary proof too. Once you get your unique vat no then you can issue a vat invoice against each sale and charge the corresponding vat rate to the clients in the local market.

The hmrc website features the eu countries list that follows the system of vat. These countries are Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, and Sweden. However, there are a few specific territories within some countries that don't follow vat. Each EU country has been assigned a specific code and follows a particular vat number format. Vat invoices may also be prepared in each country in their own language. For instance, Poland issues a faktura vat, that is their version of the vat invoice.

If you wish to reclaim vat paid in a foreign country then the simplest way forward would be to hire a vat agent that's a professional in uk vat as well as eu vat rules. This will allow you to file your vat returns correctly and in the stipulated time frame whilst doing exactly the same when claiming vat refunds in the country of origin. It is also important to study various classifications in customs, excise and vat duties and also learn more about vat exempt items so that your product cost is reduced in a legal manner. While duty rates could be different in these eu countries, the fact each of them follow vat will surely reduce paperwork and assist you with your cost calculations.

Most eu countries follow vat and this factor ought to be noted if you're going to import services or goods into the UK or perhaps some other vat friendly EU country. The eu countries list already mentioned should help you to identify countries that follow vat and permit you to definitely import products while avoiding the issue of double taxation by allowing you to reclaim vat back.