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 remain within the same taxation system, go in for vat refunds and also be beneficial if you plan to re-export some material back into those EU countries.
If your trading business is based in the UK then it is very important to know about 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 need to pay customs duties, excise duties or import vat on 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 that are mentioned in the list then you can go in 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 same you will need to become a vat registered trader. The hmrc vat department offers several vat online services and you can simply download the appropriate vat form to complete the vat registration process, although you will need to submit documentary proof too. Once you get your unique vat no then you can issue a vat invoice against each sale and charge the corresponding 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 do not follow vat. Each EU country has been assigned a specific code and follows a specific vat number format. Vat invoices are also prepared in each country in its own language. For example, Poland issues a faktura vat, which is their version of a vat invoice.
If you want to reclaim vat paid in another country then the 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 country of origin. It is also important to study various classifications in customs, excise and vat duties as well as learn more about vat exempt items so that your product costs are reduced in a legal manner. While duty rates might be different in these eu countries, the fact that they all follow vat will certainly 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 mentioned above should help you to identify countries that follow vat and allow you to import products while avoiding the problem of double taxation by allowing you to reclaim vat back.