It is possible to claim vat back after vat registration

In case you run a trading business in the united kingdom or any other EU country and have imported services or goods which 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 stake your claim for a vat reclaim.

Although tourists and certain other people can claim VAT or value added tax once they return back in order to their country by simply showing the initial vat invoice displaying the vat rate and vat amount, businesses need to furnish many more details before they can qualify for a refund. In the event you too have imported services or goods vatregistrationnumber originating from a member EU country to the UK and have already paid vat in the country then in order to avoid double taxation and reduce your costs, you should surely have a vat refund. Even though you might not be able to directly deduct the vat amount in your next vat return, you can surely claim vat back from your country of origin provided you follow their vat rules.

If you are not vat registered then you can utilize the vat online services provided by HM customs and excise customs vat or visit the hmrc vat web site to register your business first. If you are not internet savvy or have trouble in comprehending vat rules then it could well be better to appoint a vat agent that delivers all vat services including applying for refunds and handling vat returns. You can now authorize your vat agent to submit your vat claims on your behalf. You may 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 in the original country before you claim vat back. You need to fill the vat form for vat reclaim before 9 months within the next calendar year once you have paid the initial vat amount so that you can 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 example, Poland stipulates that you attach the faktura vat or tax invoice which is written in Polish language before it is sent for a reclaim. In such a case, the local vat agent will be in a better position to understand the specific 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 exact country. In great britan the timeframe is usually around 4 months if your claim is processed and approved without any requirement for additional proof. You can receive your vat refund in a EU country that you desire or even in 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 most likely be looked with suspicion and handled strictly by the concerned vat authorities of the country.

If your business requires services or goods that 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 extra vat paid on them. A vat agent that’s amply trained in international and national vat rules will be able to guide you towards claiming vat back with ease. If you have just started trading internationally then you can claim vat back after vat registration and lower your costs to a large degree.