If you wish to import goods and services into your own country that follows vat or value added tax system then being aware of europa vat can save money for your business www.vatcheck.com. You will be able to accurately calculate the cost of your imported products whilst have the ability to charge the correct vat rate whenever you sell them in local markets.

Most countries in the EU have shifted to vat which helps achieve uniformity in cross-country imports and exports. It has also allowed businesses to go in for vat refunds on imports where vat was already paid in the original country of export. If you too intend to import goods where vat has already been paid then you definitely can also make an application for vat reclaim in the country of origin with supporting documents that show the local sales together with the vat rates.

However, before you start issuing vat invoices to your clients, you will have to make an application for vat registration in your own country. For example, in the United Kingdom you can get vat registered once your taxable sale in the last 12 months touches £70,000, which is known as the vat threshold. You will need to contact the hmrc vat department and may use their vat online services to fill the vat form to get vat registration. When your business has the necessary registration then you can charge vat rates as prescribed by the department through a vat invoice that mentions your unique vat number.

You can import services and goods from many europa vat countries including Sweden, UK, France, Germany, Greece, Spain, Italy, Poland, and many more. Although customs duties, excise duties and import vat might differ in each eu country, the essential principle of taxes continues to be same. All vat friendly countries have a standard vat rate that is between 15-25%, a particular low vat rate between 1-6% and vat exempt items or services where no vat is charged. The rates might differ so might the language in each vat invoice but the formula for calculating vat continues to be same in all these countries.

Since customs, excise and vat rules might be a bit complicated to decipher, you should enroll the services of a professional vat and import agent so that your goods and services are placed in the appropriate classification as deemed fit by relevant tax authorities. Your agent should also have the ability to assist you in filing regular vat returns and applying for vat refunds in the nation of origin in order to return the doubly-charged tax amount back into your coffers.

In case you want to deal with other business in other europa countries that follow vat then you could also cross-check the validity of the vat numbers by using the internet. There are several websites that allow you to input the nation code and the vat number before informing you if your vat number remains valid. This move can save you lots of hassle and money while also protecting you from unscrupulous businesses and folks.

Conducting business with vat friendly eu countries will guarantee your paperwork proceeds in a seamless manner thanks to the common platform of vat. If you’re going to begin an enterprise in a EU country that has embraced vat then you should first look into the europa vat list before you start importing services or products from such countries.