5 October 2020
In preparation for the Brexit transition period ending, the UK tax authorities (HMRC) are trialling a new VAT recovery portal which will allow certain non-resident businesses to recover any eligible UK VAT they incur.
This VAT reclaim mechanism will be used by foreign companies to claim back VAT in the UK where they are not required to have a VAT registration in place to do so.
If successful, this new portal will replace the existing paper-based claims for non-EU companies (13th Directive refund claims) and the EU VAT refund mechanism currently used by EU entities.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
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