Get the eu countries list that follow vat

If you want 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. This will help you to stay within the same taxation system, go for vat refunds plus be beneficial vatcheck.com if you are planning to re-export some material back into those EU countries.

If your trading business is located in the UK then it is very important to know about fellow EU countries which follow vat since this will continue uniformity in taxation and simplify your paperwork when you import items from such countries. You will obviously have to pay customs duties, excise duties or import vat for your goods or services based on 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 that are mentioned from the list you’ll be able to go in for vat reclaim as soon as you sell the goods in the local market at prevailing vat rates. However, before you start 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 can simply download the right vat form to finish the vat registration process, even though you will need to submit documentary proof too. As soon as you get your unique vat no then you can issue a vat invoice against each sale and charge the related 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 a few specific territories within some countries that do not follow vat. Each EU country is assigned a specific code and follows a particular vat number format. Vat invoices are also prepared in each country in their own language. For instance, Poland issues a faktura vat, that is their version of the vat invoice.

If you wish to reclaim vat paid in another country then your best way forward should be to hire a vat agent that is a professional in uk vat as well as eu vat rules. This will likely enable you to file your vat returns correctly and in the stipulated time period while also doing exactly the same when claiming vat refunds in the nation of origin. It is also imperative that you study various classifications in customs, excise and vat duties and also learn more about vat exempt items so your product costs are reduced in a legal manner. While duty rates might be different within these eu countries, the fact that they all follow vat will certainly reduce paperwork and assist you with your cost calculations.

Most eu countries follow vat and this factor ought to be noted if you’re going to import services or goods to the UK or perhaps any other vat friendly EU country. The eu countries list mentioned above should help you to identify countries that follow vat and permit you to definitely import products while avoiding the problem of double taxation by allowing you to reclaim vat back.