It is possible to claim vat back after vat registration

In case you operate a trading business in the united kingdom 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 necessary for vat refund before you stake your claim for a vat reclaim check vat number.

Although tourists and certain other people can claim VAT or value added tax once they go back to their own 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 reimbursement. In the event you too have imported services or goods from a member EU country into the UK and also have already paid vat in the country then in order to avoid double taxation and lower your costs, you ought to surely apply for 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 use the vat online services offered 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 could well be better to appoint a vat agent that provides all vat services including applying for refunds and handling vat returns. Now you can 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, particularly if you import goods and services from different countries.

You need to make sure that you retain all original documents of vat paid within the original country before you claim vat back. You should fill up the vat form for vat reclaim before 9 months within the next twelve months after you have paid the original vat amount in order to qualify for a vat refund. However, this time around period varies in various 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 attach the faktura vat or tax invoice that is coded in Polish language before it is sent for any reclaim. When this happens, a local vat agent would be in a very stronger position to understand the precise laws of each country.

Once you have submitted all relevant documents to assert vat back, then you ought to receive the vat refund within the designated time period specified by the specific country. In the UK the timeframe is usually 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’ve got a valid banking account within 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 the country vat registration.

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 where you need to pay vat again, you’ll be able to reclaim the excess vat paid on them. A vat agent that is well versed in international and national vat rules should 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 great extent.