Find the eu countries list that follow vat

If you wish to import services or goods from EU States or countries then you certainly should first have the eu countries list that follow the system of vat or value added tax http://www.vatnumbersearch.com. This will help you to remain in the same taxation system, go for vat refunds and also be beneficial if you plan to re-export some material back into those EU countries.

If your trading business is based in the UK then it is extremely important to understand fellow EU countries that also follow vat since this will continue uniformity in taxation and simplify your paperwork whenever you import items from such countries. You’ll of course have to pay customs duties, excise duties or import vat on your goods or services according to their classification as deemed by the UK revenue and customs department or hmrc vat department.

If you have already paid vat in most of the eu countries which are mentioned in the list then you can go in for vat reclaim once you sell the goods in the local market at prevailing vat rates. However, before you begin selling your goods and charging vat on the very same you will have to be a vat registered trader. The hmrc vat department offers several vat online services and you could simply download the appropriate vat form to complete the vat registration process, although you will need to submit documentary proof too. As soon as you get the unique vat no you may issue a vat invoice against each sale and charge the corresponding vat rate to your clients in the local market.

The hmrc website features the eu countries list that follows the system of vat. These countries are Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, and Sweden. However, there are some specific territories within some countries that do not follow vat. Each EU country is assigned a specific code and follows a specific vat number format. Vat invoices may also be prepared in each country in its own language. For example, Poland issues a faktura vat, that is their version of a vat invoice.

If you wish to reclaim vat paid in a foreign country then the simplest way forward should be to hire a vat agent that is an expert in uk vat in addition to eu vat rules. This will allow you to file your vat returns correctly and in the stipulated time frame whilst doing exactly the same when claiming vat refunds in the nation of origin. It is also important to study various classifications in customs, excise and vat duties and also learn more about vat exempt items so your product cost is reduced in a legal manner. While duty rates might be different in these eu countries, the fact that each of them follow vat will certainly reduce paperwork and assist you with your cost calculations.

Most eu countries follow vat and this also factor should certainly be noted if you’re going to import goods or services into the UK or perhaps some other vat friendly EU country. The eu countries list already mentioned should allow you to identify countries that follow vat and permit you to definitely import products while avoiding the issue of double taxation by permitting you to reclaim vat back.