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Overseas VAT Refund Scheme

Overseas businesses located outside the UK/EU incurring VAT in the UK can seek to recover this amount through the overseas VAT refund scheme where it has been incurred in the course of business.

EU VAT refund for UK businesses

UK businesses that have incurred input VAT in an EU Member State where they are not established and make no supplies are entitled to recover the VAT element of these costs by way of a cross-border refund scheme. Any potential applicant must satisfy conditions outlined by HMRC to be eligible for the scheme. Contact VAT People today for more info

Correcting VAT Errors

Careless or deliberate inaccuracies that lead to an understatement of tax can result in a penalty being charged by HMRC. This penalty is expressed as a percentage of the potential lost revenue and can be as much as 100- of the lost revenue for deliberate and concealed actions.