VAT Recovery

Let us manage your VAT recovery process – this is in your interests.

VAT Recovery

A global market means an increased movement of products, services and personnel. In their wake comes foreign invoices subject to various countries’ VAT legislation, which places a great demand on the company’s financial department. Vathub has extensive experience dealing with these.

Within the EU, the foreign VAT is dealt with electronically. Despite this, many challenges still remain, such as obtaining an overview of hundreds of codes, local regulations, varying application periods, supplementary documentations, and occasionally even language confusion.

We know that many companies pay a great deal for handling with their international VAT, which is why we offer a very advantageous pricing solution. We can manage all countries, so as our client, you will only need one contact for all countries, which will make your day-to-day routines a lot easier.

We have a high level of experience and competence in this area, and an extensive and widespread contact network of local VAT experts. Let us manage your VAT recovery process – this is in your interests.

 

We will help you with any questions on VAT recovery.

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More about VAT Recovery

VAT refund – Are you entitled?

The majority of goods and services in the EU are VAT charged, either at standard, reduced or zero rate, and the VAT is added to the full sale price of the goods or services. Some shops, however, offer Tax Free Shopping, which means that visitors from countries outside the EU can receive a VAT refund on goods bought in the UK which they take home.

The VAT refund is only applicable to goods, not services. Several guidelines must be followed in order for you to be eligible for a VAT refund during personal export of goods. First of all, if you live outside the EU and wish to bring back goods from your visit to the UK, you must leave the UK for the non-EU destination with the goods within three months of purchasing the goods.

You must also complete a VAT refund document and show it to customs officials as you leave the EU, along with the goods and their receipts. The same rules apply if you live within the EU, as you may be eligible for a VAT refund if you are leaving the EU for more than 12 months.

If you live outside the EU but work or study in the UK, you may be eligible for a VAT refund if you leave the EU for more than 12 months, provided that you can produce the required documentation, as explained above.

Deduction rules

A VAT recovery is quite simply a refund of incoming VAT as if the company had done business in the country in question.

Supplier invoices

  • Exhibitions/trade fairs

Apart from admission fees, there are often additional costs related to participation in a trade fair, such as display space, provision of electricity supply, security services, etc. These types of services can also be subject to VAT recovery.

Further examples to be aware of:

  • sales office
  • certain service remunerations
  • property services
  • import VAT, as well as
  • warehouse costs

Let Vathub help you work out which expenses that are VAT recoverable.

  • Vathub has a long experience with VAT recovery since the 90′s
  • We at Vathub are experts in VAT recovery worldwide
  • Vathub can be your single contact for your company’s VAT registrations.
  • We offer very competitive prices

Deadlines

It is important to keep track of the deadlines of the applications in the relevant countries. As a general rule, the following applies:

  • Applications between EU member states = 30 September the year after the invoice date

This means that the application deadline for any invoices issued in 2014 is 30 September 2015.

  • Applications between an EU member state and a non-EU country = 30 June the year after the invoice date

This means that the application deadline for any invoices issued in 2014 is 30 June 2015.

There are some exceptions, but we will help you keep track of all the deadlines.