You can claim vat back soon after vat registration

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You can claim vat back soon 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 definitely claim vat back after vat registration. Nonetheless, it is important to study all different principles 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 showing 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 stick to their vat principles.

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 being familiar with vat principles then it would be better to employ 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 different EU countries while submitting your tax files. 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 comprehend 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 get 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.

Inally then you can claim vat back after vat registration and lower your charges to a great extent.f your|In case your|In the event your} business requires goods or services that have already paid vat in the country of origin before reaching the shores of your country where you need to pay vat again, then you can claim back the excess vat paid on them. A vat agent that is well versed in international and national vat principles should be able to guide you towards claiming vat back with ease. If you have just started trading {internatio