It is possible to claim vat back after vat registration

If you operate a trading business in the UK or other EU country and have imported services or goods which has already paid vat in the nation of origin then you can claim vat back after vat registration. However, you should study all different rules required for vat refund before you decide to stake your claim for a vat reclaim.

Although tourists and certain other individuals can claim VAT or vat when they return back in order to their country simply by showing the original vat invoice displaying the vat rate and vat amount, businesses need to furnish a lot more details before they are able to qualify for reimbursement. If you too have imported goods or services from a http://vatcontrol.com member EU country into the UK and have already paid vat in that country then to prevent double taxation and lower your costs, you ought to surely apply for a vat refund. Even though 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 business first. If you're not internet savvy or have trouble in comprehending vat rules it could well be better to appoint a vat agent that delivers all vat services including obtaining refunds and handling vat returns. Now you can authorize your vat agent to submit your vat claims on your behalf. 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 within the original country before you claim vat back. You should fill up the vat form for vat reclaim before 9 months in the next twelve months after you have paid the original vat amount in order to qualify for a vat refund. However, this time around period varies in various countries. You need to to climb over language barriers between various EU countries while submitting your tax documents. For instance, Poland stipulates that you attach the faktura vat or tax invoice that is written in Polish language before it's sent for a reclaim. When this happens, the local vat agent would be in a very stronger position to understand the specific laws of each country.

Once you have submitted all relevant documents to claim vat back, then you should receive the vat refund within the designated time period specified by the specific country. In great britan the timeframe is usually around 4 months when your claim is processed and approved without any need for additional proof. You can receive your vat refund in a EU country that you want or even in britain provided you've got a valid banking account in the desired country. However, remember that to submit proper documentation since any rejected vat claim will usually be looked with suspicion and handled strictly by the concerned vat authorities of the country.

If your business requires services or goods which have already paid vat in the nation of origin before reaching the shores of one's country in which you need to pay vat again, you'll be able to reclaim the excess vat paid on them. A vat agent that's amply trained in international and national vat rules should be able to guide you towards claiming vat back without difficulty. If you have just started trading internationally then you can claim vat back after vat registration and reduce your costs to a large degree.