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Find the eu countries list that follow vat


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If you want to import goods or services from EU States or countries then you certainly should first have the eu countries list that follow the system of vat or value added tax http://www.vatnumbersearch.com. This should help you to stay within the same taxation system, go for vat refunds and also be beneficial if you are planning to re-export something back into those EU countries.

In case your trading company is located in the UK then it’s very important to understand 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 on your goods or services 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 any of the eu countries that are mentioned in the list you’ll be able to go for vat reclaim once 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 need 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, even though you will need to submit documentary proof too. Once you get the unique vat no you may 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 particular code and follows a particular vat number format. Vat invoices may also be prepared in each country in their own language. For example, Poland issues a faktura vat, that is their version of the vat invoice.

If you want to reclaim vat paid in another country then the best way forward should be to hire a vat agent that’s a professional in uk vat in addition to 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 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 your product costs are reduced in a legal manner. While duty rates might be different within these eu countries, the fact each of them follow vat will certainly reduce paperwork and assist you with your cost calculations.

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