VAT

News Item: VAT input tax claims – EC VAT – Time Limit

Businesses that have incurred VAT on expenditure in other member states of the EC may be interested to know that there is a mechanism under which this can be reclaimed from the authorities in the member state concerned.


Claims can be submitted either on a quarterly or an annual basis although the rules for qualifying are somewhat complex, as are the mechanics of submitting them, since each country has their own rules.  Additionally the claim has to be submitted in the language of the state concerned.

 

You should also be aware that there is a time limit for submission of annual claims (which run from 1 January through to 31 December) and this expires on 30 June.


If you think that you may be entitled to make a claim would you contact Andrew Stephenson at a.stephenson@pierce.co.uk or on 01254 688100 to discuss in more detail.