Find the eu countries list that follow vat

If you wish to import services or goods 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. This should help you to remain in the same taxation system,
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go in for vat refunds plus be beneficial if you plan to re-export some material back into those EU countries.

If your trading company is based in the UK then it’s extremely 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 will 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.

If you have already paid vat in any of the eu countries that are mentioned in the list then you can go in for vat reclaim as soon as you sell 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 become 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, even though 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 corresponding vat rate to the 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 do not follow vat. Each EU country has been assigned a specific code and follows a particular vat number format. Vat invoices are also prepared in each country in its own language. For instance, Poland issues a faktura vat, which is their version of a vat invoice.

If you wish to reclaim vat paid in another country then your best way forward would be to hire a vat agent that is an expert in uk vat as well as eu vat rules. This will enable you to file your vat returns correctly and within the stipulated time frame while also doing the same when claiming vat refunds in the nation of origin. Additionally it is imperative that you study various classifications in customs, excise and vat duties as well as find out about vat exempt items so that your product cost is reduced in a legal manner. While duty rates might be different within these eu countries, the fact they all follow vat will certainly reduce paperwork and help you with your cost calculations.

Most eu countries follow vat and this factor ought to be noted if you plan to import goods or services into the UK or in any 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 permitting you to reclaim vat back.