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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 should first get the eu countries list that follow the system of vat or value added tax. This will help you to stay within the same taxation system, go in for vat refunds and also benefit you vat check if you plan to re-export some material back to those EU countries.

If your trading business is located in the UK then it’s very important to know about fellow EU countries which follow vat simply because this will continue uniformity in taxation and simplify your paperwork whenever you import items from such countries. You will of course need 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 most of the eu countries that are mentioned in the list then you can go for vat reclaim once you sell goods in the local market at prevailing vat rates. However, before you begin 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 can simply download the right vat form to complete the vat registration process, although you will have 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 related 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 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 a vat invoice.

If you want to reclaim vat paid in a foreign country then the simplest way forward should be to hire a vat agent that is a professional in uk vat as well as eu vat rules. This will enable you to file your vat returns correctly and in 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 and also find out about vat exempt items so that your product cost is reduced in a legal manner. While duty rates might be different in these eu countries, the fact that 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 goods or services into the UK or in any other vat friendly EU country. The eu countries list already mentioned should help you to identify countries that follow vat and permit you to definitely import products while avoiding the problem of double taxation by allowing you to definitely reclaim vat back.