See European Commission
See European Economic Community
See European Free Trade Association
VAT is supposed to be neutral for businesses. It is more than likely that VAT charged by your suppliers will be refundable. We can study your supplier invoices and confirm with you in a short amount of time whether you will be able to claim a VAT refund.
VAT is supposed to be neutral for businesses. It is more than likely that VAT charged by your suppliers will be refundable. We can study your supplier invoices and confirm with you in a short amount of time whether you will be able to claim a VAT refund.
Of course your company can hold a stock in Europe. Please however note that storing goods in EU Member States obliges you to respect local VAT regulations and possibly a local VAT registration.
You can appoint a tax agent in the countries where your company has business transactions. Please however ensure that the service provider you choose has the necessary knowledge and experience needed in cross border VAT. Always ask to receive written answers to your questions and check their financial statements.
If your operations are subject to local VAT, it is important to apply the right VAT rate in order to avoid penalties. For some categories of goods, reduced or super reduced rates can apply. The goods concerned by these reduces rates are mainly food, beverages, energy, … It is therefore very important to be sure that your goods may benefit from reduced VAT rates.
Intrastat returns must be filed if your company ships goods from and to countries within the European Union and if local thresholds are exceeded. These thresholds are different in all EU countries. We can assist you should you need help analysing if this is necessary for your company.
If your company sells goods locally to some EU countries (for example from a local warehouse), you may have to submit local VAT returns as well as possible other specific forms (other local taxes, levies on certain kinds of goods, WEEE, …). It is therefore very important to identify these countries and to analyse your flows of goods in order to fully answer this question.
If your company is based in the UK, import VAT is refundable through HMRC. We can assist you with this if necessary.
VAT is supposed to be neutral for businesses. It is more than likely that VAT charged by your suppliers will be refundable. We can study your supplier invoices and confirm with you in a short amount of time whether you will be able to claim a VAT refund.
