It is possible to claim vat back after vat registration

If you run a trading business in the UK or other EU country and also have imported goods or services that has already paid vat in the nation of origin then you can claim vat back after vat registration. However, it is important to study many different rules necessary for vat refund before you stake your claim for any vat reclaim.

Although tourists and certain other people can claim VAT or vat once they return back to their country by simply showing the original vat invoice displaying the vat rate and vat amount, businesses have to furnish many more details before they can be eligible for a reimbursement. In the event you too have imported goods or services vat registration number from a member EU country to the UK and have already paid vat in the country then to prevent double taxation and lower your costs, you should surely apply for a vat refund. Even though you might not be in a position to directly deduct the vat amount as part of your next vat return, you can surely claim vat back from your country of origin provided you follow their vat rules.

If you’re not vat registered then you can use the vat online services offered by HM customs and excise customs vat or visit the hmrc vat web site to register your business first. If you’re not internet savvy or have trouble in comprehending vat rules it would be better to appoint a vat agent that provides all vat services including obtaining refunds and handling vat returns. You can now authorize your vat agent to submit your vat claims in your stead. You can also appoint different vat agents in different countries and register them separately, especially if you import services and goods from different countries.

You need to make sure that you retain all original documents of vat paid in the original country before you claim vat back. You need to fill up the vat form for vat reclaim before 9 months within the next calendar year after you have paid the initial vat amount in order to be eligible for a 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 example, Poland stipulates that you just attach the faktura vat or tax invoice which is written in Polish language before it’s sent for a reclaim. In such a case, the local vat agent will be in a better position to comprehend the specific laws of each country.

After you have submitted all relevant documents to assert vat back, then you should receive the vat refund within the designated time frame specified by the exact country. In great britan the time period is generally 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 want or even in britain provided you have a valid banking account in the desired country. However, you should remember 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 that country.

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 where you need to pay vat again, then you can claim back the excess vat paid on them. A vat agent that’s well versed in international and national vat rules will be able to help you towards claiming vat back without difficulty. If you have just started trading internationally then you can claim vat back after vat registration and reduce your costs to a large degree.