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 services or goods which has already paid vat in the nation of origin then you can claim vat back after vat registration. However, you should study all different rules required for vat refund before you stake your claim for a vat reclaim.

Although tourists and certain other individuals can claim VAT or vat when they return back in order to their own country simply by showing the initial vat check vat invoice displaying the vat rate and vat amount, businesses have to furnish a lot more details before they can be eligible for a a refund. In the event you too have imported services or goods originating from a member EU country to the UK and have already paid vat in that country then in order to avoid double taxation and lower your costs, you should surely have a vat refund. Although you may 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’re not vat registered then you can utilize the vat online services provided by HM customs and excise customs vat or go to the hmrc vat website 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 obtaining refunds and handling vat returns. Now you can authorize your vat agent to submit your vat claims in your stead. You may also appoint different vat agents in several countries and register them separately, especially if you import services and goods from different countries.

You should ensure that you retain all original documents of vat paid within the original country before you can claim vat back. You need to fill the vat form for vat reclaim before 9 months within the next twelve months once you have paid the initial vat amount so that you can qualify for a vat refund. However, this time period varies in different countries. You might also need to climb over language barriers between various EU countries while submitting your tax documents. For instance, 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 will be in a very stronger position to comprehend the specific laws for each country.

Once you have submitted all relevant documents to claim vat back, then you should receive the vat refund within the designated time period specified by the specific country. In the UK the timeframe is generally around 4 months if your claim is processed and approved without the requirement for additional proof. You may receive your vat refund in a EU country that you desire or even in the UK provided you’ve got a valid bank 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.

In case your business requires services or goods which have already paid vat in the country of origin before reaching the shores of one’s country in which you have to pay vat again, then you can reclaim the excess vat paid on them. A vat agent that is well versed in international and national vat rules will be able to help you towards claiming vat back without difficulty. For those who have just started trading internationally you’ll be able to claim vat back after vat registration and lower your costs to some great extent.