You can claim vat back after vat registration

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You can claim vat back after vat registration
If you run a trading business in the UK or any other EU country and have imported goods or services that has already paid vat in the country of origin then you can claim vat back after vat registration. However, it is important to 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 value added tax when they return back to their country simply by showing the original vat invoice displaying the vat rate and vat amount, businesses have to furnish many more details before they can qualify for a refund. If you too have imported goods or services from a member EU country into the UK and have already paid vat in that country then in order to avoid double taxation and reduce your costs, you should surely apply for a vat refund. Although you might not be able to directly deduct the vat amount in your next vat return, you can surely claim vat back from the country of origin provided you follow their vat rules.

If you are 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 business first. If you are not internet savvy or have trouble in comprehending vat rules then it would be better to appoint a vat agent that provides all vat services including applying for refunds and handling vat returns. You can now authorize your vat agent to submit your vat claims on your behalf. You can also appoint different vat agents in different countries and register them separately, especially if you import goods and services from different countries.

You should ensure that you retain all original documents of vat paid in 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 calendar year after you have paid the original vat amount in order to 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 example, Poland stipulates that you attach the faktura vat or tax invoice that is written in Polish language before it is sent for a reclaim. In such a case, a local vat agent would be in a better position to understand the specific laws of 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 time period is usually around 4 months if your claim is processed and approved without any need for additional proof. You can receive your vat refund in any EU country that you desire or even in the UK provided you have a valid bank account in 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 that country.

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