If you’re a vat registered dealer or manufacturer in the UK or other EU country then you definately must ensure to fulfill all conditions while claiming vat back. Your claim may help offset any expenses proportional to your business or lessen costs on products imported from another country where you have already paid VAT search vat number.

VAT or value added tax is a system of collecting taxes that has been implemented in many countries around the world including the European Union. It helps to avoid double taxation on products and if you are a vat registered trader within the EU with an official vat number then you can surely claim back any VAT that has recently been paid while importing goods imported to your own country. However, you have to fulfill all terms and conditions imposed by the customs and excise customs vat department in your own country before you reclaim vat successfully from the country of origin.

If you’re not conversant with vat rules imposed in your own country then you should hire a vat consultant or tax consultant that’s amply trained with the latest amendments in vat tax, vat rates, and also knows the appropriate vat refund procedures to be followed while applying for a vat refund. There are several factors that can qualify you for a vat reclaim. In case you have imported goods or services from another EU country where vat has been paid then you can reclaim that vat amount provided you don’t own a house or business in that country, are not vat registered in that country, and do not supply to this country. However, it is advisable to fully comprehend each rule in great detail before claiming vat back since there are other sub-sections in each rule that should be fulfilled too.

You can reclaim vat on import vat if there has been vat paid overseas by utilizing vat online services to sign up yourself first. If you are in the UK then when you register with hmrc vat online services then you will be in a position to post your request for your vat reclaim either directly or using your vat agent. You will need to send all related documents as proof for claiming vat back and you’ll also have to be conversant with vat rules in the country or countries where the vat amounts have originally been paid.

There’s also a time limit of nine months after the end of the calendar year within which you will have to file for a vat claim in UK even though time limit will change in other Countries in Europe. You will also need to be careful while filling out your vat claim as most EU countries do much more than frown on incorrect or fraudulent claims. You could be penalized for a wrong claim or may also be denied any refunds check vat number.

A vat claim will help lower your vat burden provided you meet all the criteria applicable in your own country and also the country where you might have originally paid the vat amount. However, it is very important study each vat rule in great detail and understand its implications before claiming vat back directly or through your agent.