If you wish to import goods or services from EU States or countries then you should first have the eu countries list that follow the system of vat or value added tax Http://vatnumbersearch.com. This will help you to stay within the same taxation system, go in for vat refunds and also benefit you if you are planning to re-export something back into those EU countries.
In case your trading business is located in the UK then it's extremely important to know about fellow EU countries that also follow vat since this will continue uniformity in taxation and simplify your paperwork when you import items from such countries. You'll of course have to pay customs duties, excise duties or import vat for your services or goods according to their classification as deemed by the UK revenue and customs department or hmrc vat department.
For those who have already paid vat in most of the eu countries that are mentioned from the list then you can go in for vat reclaim once you sell goods in the local market at prevailing vat rates. However, before you start selling your goods and charging vat on the same you will have to be a vat registered trader. The hmrc vat department offers several vat online services and you can simply download the right vat form to complete the vat registration process, although you will need to submit documentary proof too. As soon as you get the unique vat no then you can issue a vat invoice against each sale and charge the corresponding vat rate to your clients in the local market.
The hmrc website features the eu countries list that follows the system of vat. These countries are Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, and Sweden. However, there are a few specific territories within some countries that don't follow vat. Each EU country has been assigned a particular code and follows a particular vat number format. Vat invoices may also be prepared in each country in their own language. For instance, Poland issues a faktura vat, that is their version of a vat invoice.
If you want to reclaim vat paid in a foreign country then the best way forward would be to hire a vat agent that is an expert in uk vat in addition to eu vat rules. This will enable you to file your vat returns correctly and in the stipulated time frame whilst doing exactly the same when claiming vat refunds in the nation of origin. It is also imperative that you study various classifications in customs, excise and vat duties and also learn more about vat exempt items so that your product cost is reduced in a legal manner. While duty rates could be different within these eu countries, the fact that each of them follow vat will certainly reduce paperwork and assist you with your cost calculations.
Most eu countries follow vat and this also factor should certainly be noted if you're going to import services or goods into the UK or in some other vat friendly EU country. The eu countries list already mentioned should allow you to identify countries that follow vat and permit you to import products while avoiding the problem of double taxation by allowing you to definitely reclaim vat back.