Starting an organization that is going to import goods or services to the UK can be tough in these competitive times but understanding the number of eu countries which observe vat may help save money Http://www.vatcontrol.com/vat/. You may definitely be able to track tax systems which are similar to your own while also claiming vat refunds for previously paid vat abroad.
There are several countries from the eu that also adhere to the system of vat. Even though the language used in the vat invoice might differ in addition to vat rates, the system followed is virtually exactly the same Http://vatcontrol.com/vat/. The list of countries within the European Union which have adopted the system of vat are Estonia, Denmark, Bulgaria, Ireland, Latvia, Poland, Spain, Italy, Luxembourg, Belgium, Hungary, Slovak Republic, Czech Republic, Portugal, Sweden, Finland, Slovenia, Austria, Netherlands, Greece, Germany, France, Romania, Malta, Lithuania, and Cyprus. Some territories in this list of eu countries have however opted to stay out from the vat gambit. You can go to the hmrc vat or hm revenue and customs website to read about such territories.
One major advantage you have when importing goods from such eu countries is any vat that you might have paid in the particular country can be refunded to your account by that country when you file for a vat reclaim. This process can be handled by a professional vat agent that has offices in the UK along with other countries from which your imports take place 
. In addition, should you have attended trade shows in a eu country and also have paid vat for the very same then such vat amounts can also be recovered back. This vat refund can surely help shore increase business net profit while suitably cutting your product costs.
Should you hire a specialist vat, customs duties, and excise duties agent then that agent can also help calculate sales vat rates as well as file your vat returns within the stipulated time period. Vat rates in the UK range from 17.5% for standard vat rates to 5% for reduced vat rates to zero vat rates for specific products and services. There’s also specific products and services which are vat exempt. The hmrc website provides a detailed set of such products and services which are split up into 14,000 classifications.
In order to claim a vat refund you will need to preserve and submit all original vat documents including your vat certificate too. While procedures and language in various countries might pose problems, a vat agent amply trained in various vat systems should be able to recover your hard earned money back to your account. Additionally, there are different deadlines within eu countries for filing for a vat reclaim and therefore having an in-depth understanding of eu vat and uk vat rules will certainly offer a distinct benefit to both you and your business.
If you wish to import goods or services to the UK then opting for eu countries that follow vat would offer several distinct advantages. Knowing the listing of eu countries that follow vat can certainly help save money as well as offer ease of operation as the system for paying and collecting vat will be the same in most these countries.