It is possible to claim vat back after vat registration

If you operate a trading business in the UK or other EU country and have imported services or goods that 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 required for vat refund before you stake your claim for a vat reclaim.

Although tourists and certain other individuals can claim VAT or vat once they return back in order to their country by simply showing the initial vat invoice displaying the vat rate and vat amount, businesses need to furnish many more details before they can be eligible for a a refund. In the event you too have imported goods or services from a member EU country into the UK and also have already paid vat in that country then in order to avoid double taxation and reduce your costs, you ought to surely apply for a vat refund. Even though you might not be in a position to directly deduct the vat amount in 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 go to the hmrc vat website to register your business first. If you’re not internet savvy or have trouble in comprehending vat rules it would be better to appoint a vat agent that delivers all vat services including obtaining refunds and handling vat returns. You can now authorize your vat agent to submit your vat claims on your behalf. You may also appoint different vat agents in several countries and register them separately, especially if you import goods and services from different countries.

You need to make sure that you retain all original documents of vat paid in the original country before you can claim vat back. You need to fill up the vat form for vat reclaim before 9 months in the next calendar year once you have paid the initial vat amount so that you can qualify for a vat refund. However, this time 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 which is written in Polish language before it’s sent for any reclaim. When this happens, a local vat agent would be in a stronger position to understand the specific laws of each country.

Once you have submitted all relevant documents to assert vat back, then you should receive the vat refund within the designated time period specified by the exact country. In great britan the timeframe is generally around 4 months when your claim is processed and approved without the requirement for additional proof. You can receive your vat refund in a EU country that you want or even in the UK provided you’ve got a valid bank 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.

In case your business requires goods or services that have already paid vat in the nation of origin before reaching the shores of your country where you need to pay vat again, then you can claim back the extra vat paid on them. A vat agent that’s well versed in international and national vat rules will be able to guide you towards claiming vat back with ease. For those who have just started trading internationally you’ll be able to claim vat back after vat registration and lower your costs to some great extent.