It is possible to claim vat back after vat registration

In case you run a trading business in the UK or other EU country and have imported services or goods that has already paid vat in the country of origin then you can claim vat back after vat registration. However, you should study all different rules required for vat refund before you decide to stake your claim for a vat reclaim.

Although tourists and certain other people can claim VAT or value added tax when they go back in order to their country by simply showing the original vat invoice displaying the vat rate and vat amount, businesses need to furnish many more details before they can be eligible for a www.vatvalidation.com a refund. If you too have imported goods or services from a member EU country to the UK and have already paid vat in that country then to prevent double taxation and reduce your costs, you ought to surely have a vat refund. Although you might not be able 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 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 website to register your organization first. If you’re not internet savvy or have trouble in comprehending vat rules it would be better to appoint a vat agent that delivers all vat services including obtaining 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, especially if you import services and goods from different countries.

You should make sure that you retain all original documents of vat paid within the original country before you can claim vat back. You should fill up the vat form for vat reclaim before 9 months in the next twelve months after you have paid the initial vat amount in order to be eligible for a a vat refund. However, this time period varies in various 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 coded in Polish language before it’s sent for any reclaim. In such a case, a local vat agent would be in a very stronger position to comprehend the precise laws for each country.

Once you have submitted all relevant documents to claim vat back, then you ought to receive the vat refund within the designated time period specified by the specific country. In the UK the time period is usually around 4 months if your own claim is processed and approved without the need 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 within the desired country. However, you should remember to submit proper documentation since any rejected vat claim will usually be looked with suspicion and handled strictly by the concerned vat authorities of the country.

In case your business requires goods or services 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, you’ll be able to claim back the excess vat paid on them. A vat agent that is amply trained in international and national vat rules should be able to help you towards claiming vat back without difficulty. For those who have just started trading internationally then you can claim vat back after vat registration and reduce your costs to a large degree.