It is possible to claim vat back after vat registration

If you run a trading business in the UK or other EU country and also have imported goods or services that has already paid vat in the nation of origin then you can claim vat back after vat registration. However, it is important to study many different rules required for vat refund before you stake your claim for a vat reclaim.

Although tourists and certain other individuals can claim VAT or value added tax once they return back to their country by simply showing the initial vat invoice displaying the vat rate and vat amount, businesses need to furnish a lot more details before they are able to be eligible for a www.vatvalidation.com reimbursement. In the event you too have imported services or goods from a member EU country into the UK and have already paid vat in that country then to prevent double taxation and reduce your costs, you ought to surely apply for a vat refund. Even though you may not be in a position to directly deduct the vat amount in 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 certainly use the vat online services provided by HM customs and excise customs vat or visit the hmrc vat website to register your organization first. If you're not internet savvy or have trouble in comprehending vat rules it would 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 may also appoint different vat agents in several countries and register them separately, particularly if you import services and goods from different countries.

You need to make sure that you retain all original documents of vat paid in the original country before you can claim vat back. You need to fill up the vat form for vat reclaim before 9 months within the next twelve months after you have paid the original vat amount in order to qualify for a vat refund. However, this time period varies in various countries. You might also need to climb over language barriers between various EU countries while submitting your tax documents. For instance, Poland stipulates that you just attach the faktura vat or tax invoice which is coded in Polish language before it's sent for any reclaim. When this happens, a local vat agent will be in a stronger position to understand the specific laws of each country.

Once you have submitted all relevant documents to assert vat back, then you should receive the vat refund in the designated time period specified by the specific country. In great britan the time period is generally around 4 months if your claim is processed and approved without the requirement for additional proof. You may receive your vat refund in any EU country that you want or even in britain provided you've got a valid bank 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.

In case your business requires services or goods that have already paid vat in the nation of origin before reaching the shores of your country where you need to pay vat again, you'll be able to claim back the excess vat paid on them. A vat agent that's well versed 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 then you can claim vat back after vat registration and reduce your costs to some large degree.