Get the eu countries list that follow vat

If you want to import goods or services from EU States or countries then you should first have the eu countries list that follow the system of vat or value added tax. This should help you to remain within the same taxation system, go in for vat refunds and also be beneficial vatcheck.com if you are planning to re-export something back to those EU countries.

In case your trading business is based in the UK then it's very important to know about fellow EU countries which follow vat since this will continue uniformity in taxation and simplify your paperwork when you import items from such countries. You'll of course have to pay customs duties, excise duties or import vat on your goods or services according to their classification as deemed by the UK revenue and customs department or hmrc vat department.

For those who have already paid vat in any of the eu countries that are mentioned in the list you'll be able to go for vat reclaim as soon as 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 have to be a vat registered trader. The hmrc vat department offers several vat online services and you can simply download the appropriate vat form to finish the vat registration process, even though you will need to submit documentary proof too. As soon as you get the 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 do not follow vat. Each EU country is assigned a particular code and follows a specific vat number format. Vat invoices may also be prepared in each country in its own language. For example, Poland issues a faktura vat, that is their version of a vat invoice.

If you want to reclaim vat paid in another country then your best way forward would be to hire a vat agent that is a professional in uk vat in addition to eu vat rules. This will likely allow you to file your vat returns correctly and within the stipulated time period whilst doing exactly the same when claiming vat refunds in the nation of origin. It is also imperative that you study various classifications in customs, excise and vat duties as well as find out about vat exempt items so your product cost is reduced in a legal manner. While duty rates might be different within these eu countries, the fact that each of them follow vat will certainly reduce paperwork and assist you with your cost calculations.

Most eu countries follow vat and this factor should certainly be noted if you're going to import goods or services to the UK or in some other vat friendly EU country. The eu countries list mentioned above should help you to identify countries that follow vat and allow you to import products while avoiding the problem of double taxation by allowing you to reclaim vat back.