Knowing about europa vat can help to save money in your business

If you want to import goods and services into your own country that follows vat or value added tax system then knowing about europa vat can save money for your business Vatcheck-com. You will be able to accurately calculate the cost of your imported products whilst be able to charge the correct vat rate whenever you sell them in local markets.

Most countries within the EU have shifted to vat which has helped achieve uniformity in cross-country imports and exports. It has also allowed businesses to go in for vat refunds on imports where vat has already been paid in the original country of export. If you too intend to import goods where vat has already been paid then you too can apply for vat reclaim in the country of origin with supporting documents that show your local sales together with the vat rates.

However, before you begin issuing vat invoices to your clients, you will have to apply for vat registration in your own country. For example, in the UK you can get vat registered when your taxable sale during the last Twelve months touches £70,000, which is known as the vat threshold. You will need to contact the hmrc vat department and may even use their vat online services to fill the vat form to apply for vat registration. When your business has the necessary registration you'll be able to charge vat rates as prescribed by the department through a vat invoice that mentions your distinct vat number.

You can import goods and services from several europa vat countries including Sweden, UK, France, Germany, Greece, Spain, Italy, Poland, and many more. Although customs duties, excise duties and import vat might differ in each eu country, the essential principle of taxes continues to be same. All vat friendly countries have a standard vat rate that is between 15-25%, a special low vat rate between 1-6% and vat exempt items or services where no vat is charged. The rates might differ so might the text in each vat invoice however the formula for calculating vat continues to be same in all these countries.

Since customs, excise and vat rules can be a bit complicated to decipher, you should enroll the services of an expert vat and import agent so your products or services are placed within the appropriate classification as deemed fit by relevant tax authorities. Your agent must also have the ability to help you in filing regular vat returns and getting vat refunds in the nation of origin in order to return the doubly-charged tax amount back to your coffers.

In case you want to deal with other business in other europa countries that follow vat then you could also cross-check the validity of their vat numbers by utilizing the internet. There are many websites that permit you to input the country code along with the vat number before informing you if your vat number remains valid. This move can help you save lots of hassle and money while also keeping you safe from unscrupulous businesses and individuals.

Conducting business with vat friendly eu countries will guarantee that your paperwork proceeds in a seamless manner due to the common platform of vat. If you plan to start a business in a EU country that has embraced vat then you should first check the europa vat list before you start importing products or services from such countries.