Find the eu countries list that follow vat

If you want to import goods or services from EU States or countries then you should first get the eu countries list that follow the system of vat or value added tax vatnumbersearch.com. This should help you to remain in 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 very important to understand fellow EU countries which follow vat since this will continue uniformity in taxation and simplify your paperwork whenever you import items from such countries. You’ll obviously need to pay customs duties, excise duties or import vat for your goods or services based on their classification as deemed by the UK revenue and customs department or hmrc vat department.

If you have already paid vat in any of the eu countries which are mentioned in the list then you can go for vat reclaim as soon as you sell the goods in the local market at prevailing vat rates. However, before you start selling your goods and charging vat on the very same you will have to be a vat registered trader. The hmrc vat department offers several vat online services and you could simply download the appropriate vat form to finish the vat registration process, although you will need to submit documentary proof too. Once you get the unique vat no then you can issue a vat invoice against each sale and charge the related 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 some specific territories within some countries that don’t follow vat. Each EU country has been assigned a specific code and follows a particular vat number format. Vat invoices may also be prepared in each country in its own language. For example, Poland issues a faktura vat, which is their version of the vat invoice.

If you wish to reclaim vat paid in a foreign country then the best way forward should be to hire a vat agent that’s a professional in uk vat as well as eu vat rules. This will likely allow you to file your vat returns correctly and within the stipulated time period while also doing exactly the same when claiming vat refunds in the country of origin. Additionally it is 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 in these eu countries, the fact they all follow vat will surely reduce paperwork and help you with your cost calculations.

Most eu countries follow vat and this factor should certainly be noted if you plan to import services or goods into the UK or perhaps some other vat friendly EU country. The eu countries list mentioned above should help you to identify countries that follow vat and permit you to definitely import products while avoiding the issue of double taxation by allowing you to reclaim vat back.