It is possible to claim vat back after vat registration

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

Although tourists and certain other people can claim VAT or value added tax once they go back in order to their own country by simply showing the original vat invoice displaying the vat rate and vat amount, businesses need to furnish many more details before they can be eligible for a a refund. In the event you too have imported goods or services originating from a member EU country to the UK and also have already paid vat in the country then to prevent double taxation and lower your costs, you should surely have a vat refund. Although you may not be able 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 are not vat registered then you can certainly use the vat online services offered by HM customs and excise customs vat or visit the hmrc vat web site 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 provides all vat services including applying for 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 need to 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 within the next calendar year after you have paid the original vat amount so that you can 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 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. In such a case, the local vat agent will be in a very stronger position to comprehend the precise laws for each country.

Once you have submitted all relevant documents to claim vat back, then you ought to receive the vat refund in the designated time frame specified by the specific country. In great britan the timeframe is generally around 4 months when your own claim is processed and approved without any requirement for additional proof. You may receive your vat refund in a EU country that you desire or perhaps britain provided you have 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 vat control.

If your business requires services or goods which have already paid vat in the country of origin before reaching the shores of one’s country in which you have to pay vat again, you’ll be able to claim back the extra vat paid on them. A vat agent that is well versed in international and national vat rules should be able to guide you towards claiming vat back with ease. For those who have just started trading internationally then you can claim vat back after vat registration and lower your costs to some great extent.