European VAT Filing Deadline is Approaching

Value Added Tax (VAT) filing deadline in most of the European countries is approaching (Please find a list of countries attached). If VAT has been paid on expenses within the European Union (EU) after January 1, 2012, the invoices should be gathered now in order to meet the VAT filing deadline.

Please contact our office no later than March 1, 2013 if interested in proceeding with a VAT refund. This gives our VAT experts time to prepare the necessary forms before the June 2013 filing deadline. The preparation time is due to a certificate from IRS that has to be ordered which can take up to 3 months to receive.

As you might know, 15-25% Value Added Tax (VAT) is being charged on many of the North American companies business expenses in Europe and most likely the North American company is entitled to a refund. Typical expenses where VAT has been incurred and is refundable and when VAT registration may be required are:

• Tradeshows, Conferences, Hotels and Car rental
• Drop-shipping and Imports
• Research and Development

No More Threshold Selling into the United Kingdom from December 1, 2012

As of December 1, 2012 there is no longer a threshold for VAT registration when selling goods and products into the United Kingdom for non-UK companies. Consequently all North American companies that import goods into the United Kingdom, or purchase from any UK vendors and sell on from now on are required to register for VAT. This means they have to register for VAT with the UK tax authorities, and charge 20% VAT to the UK customers. At the same time, they can deduct the VAT that has been paid to customs upon import, or to the UK vendors. For further information and assistance, please contact our VAT experts.

VAT Rate Changes

• Czech Republic has changed their standard VAT rate from 20% to 21% on January 1, 2013.

• The Finish standard VAT (ALV) rate has increased from 23% to 24% in January 2013

• The Italian government has decided to increase their standard VAT (IVA) rate from 21% to 22% on July 1, 2013.

Euro VAT Refund, Inc -
Leading VAT Expert in North America

To learn more about Value Added Tax (VAT) refund possibilities, registration requirements and Euro VAT Refund, Inc., VAT management services, please visit our website www.eurovat.com.