If you want to import goods and services to your own country that follows vat or value added tax system then knowing about europa vat can save money in your business Vatcheck-com. You’ll be able to accurately calculate the buying price of your imported products whilst have the ability to charge the appropriate vat rate whenever you sell them in local markets.
Most countries within the EU have shifted to vat and this helps achieve uniformity in cross-country imports and exports 
. It’s also allowed businesses to go in for vat refunds on imports where vat has already been paid in the original country of export. In case you too plan to import goods where vat has already been paid then you definitely can also make an application for vat reclaim in the country of origin with supporting documents that show the local sales along with the vat rates.
However, before you start issuing vat invoices to your clients, you will have to make an application for vat registration in your own country. For example, in the UK you will get vat registered once your taxable sale during the last 12 months touches £70,000, which is called the vat threshold. You will have to contact the hmrc vat department and can use their vat online services to fill the vat form to get vat registration. When your business has the necessary registration then you can charge vat rates as prescribed by the department through a vat invoice that mentions your unique vat number.
You may import services and goods from several europa vat countries including Sweden, UK, France, Germany, Greece, Spain, Italy, Poland, and many more. Although customs duties, excise duties and import vat might differ in each eu country, the basic principle of taxes remains the same. All vat friendly countries have a very standard vat rate that is between 15-25%, a special low vat rate between 1-6% and vat exempt items or services where no vat is charged. The rates might differ so might the text in each vat invoice however the formula for calculating vat remains the same in all these countries.
Since customs, excise and vat rules might be a bit complicated to decipher, you should enroll the services of an expert vat and import agent so your goods and services are placed within the appropriate classification as deemed fit by relevant tax authorities. Your agent must also have the ability to help you in filing regular vat returns and applying for vat refunds in the nation of origin so as to return the doubly-charged tax amount back to your coffers.
In case you want to handle other business in other europa countries that follow vat then you can also cross-check the validity of their vat numbers by using the internet. There are many websites that allow you to input the country code and the vat number before informing you if the vat number remains to be valid. This move can help you save a lot of hassle and money whilst protecting you from unscrupulous businesses and individuals.
Conducting business with vat friendly eu countries will ensure that your paperwork proceeds in a seamless manner due to the common platform of vat. If you’re going to begin a business in any EU country which has embraced vat then you should first look into the europa vat list before you start importing products or services from such countries.