While reclaiming vat ensure proper procedures are followed

If you have already paid vat on your services or goods again and want to get the original amount back then while reclaiming vat ensure proper procedures are followed. You can use the vat refund scheme for getting back vat which may already have been paid earlier in order to lower your costs and even get respite from the problem of double taxation over your goods or services.

While you won't be allowed to deduct the VAT tax amount straight from your next vat return, you still be allowed to state that amount in a separate vat refund scheme. This scheme is available in the UK subject to certain conditions. Most eu countries that follow vat will often have such procedures where vat amounts which have already been paid can be reclaimed. If you're a vat registered trader in the United Kingdom that does not have vat registration in the country of origin you'll be able to claim any vat paid in the country provided you meet some other vat rules.

You may also claim vat paid in another eu country if you have not got relief through any other vat scheme. You will have to use a standard vat reclaiming form through the HM revenue and customs or hmrc vat website that looks after the customs, excise and vat department in the UK. On the other hand, since the reclaiming rules might differ in other countries, you might need the services of an expert vat agent well-versed in uk vat and eu vat rules to ensure that you extract vat refunds in the relevant country. Your agent can act on your behalf as soon as you provide them with a power of attorney or a letter or authority to accomplish this.

It is possible to go in for a vat reclaim no later than 9 months within a year or so after you have paid the vat amount. You may first have to register your organization name and your agent?s name too in the event you intend on reclaiming vat through your agent. You should use the hm vat refunds service that's a part of the vat online services provided by the hmrc vat website in order to reduce time and energy. Once you submit the required online vat form you'll be issued an online reference number that will indicate that your request has been received by the vat refund department.

While you will not need to send any paper documents, certain eu countries might ask for a scanned vat invoice to generally be attached to your vat refund request. Once you've sent your reclaiming request hmrc will be sending you a confirmation about the same within 15 days even though the concerned eu country will usually provide you with a vat refund within 4 months, if all of your documents are typically in proper order. In the event further details are required from that eu country you'll be able to expect your vat reclaim to be settled after around 8 months of the original application.

To prevent the problem of double taxation, most eu countries that have adopted vat such as the UK offer vat refunds that can be claimed by following proper procedures and ultizing proper applications. You too can claim back vat paid in any other eu country that follows vat by reclaiming vat back from that eu country when you use the vat refund scheme.