VAT Europe

VAT Europe is a phrase that is looked up often online. The main reason for this is that many business engage in international trading with European countries, and as a result people feel the need to know more about VAT in Europe. VAT Europe is practically part and parcel with importing and exporting activities, and as a trader you need to be aware of what the VAT rate in the different European countries is, as well as the various VAT Europe procedures and rules. These will most likely have an impact on your business operations, especially in the field of international trading. VAT Europe is thus a field which calls for some understanding, since you need to be VAT compliant to avoid problems with the tax authorities in the European countries that you deal with. Since VAT Europe rules vary from one member state to another, it is best to have a fiscal representative to guide you through the various processes as well as to manage your VAT returns and other matters. Without the assistance of a fiscal representative you will most likely end up getting confused easily when trying to understand what the rules of VAT Europe entail, and how they apply in your case. Through the VACUE network you will be able to have a fiscal representative assigned. He or she will be specialized in VAT Europe legislation and with this experience you will be properly guided in your transactions with European countries.

VAT Europe requests?

VACUE can appoint a fiscal representative to take care of all taxation matters for your business, including the Intrastat. Just click on the 'Request Information' button so as to sow your interest in this service.

European VAT Rules

The rules

European UnionUnder European VAT rules, you will be paying VAT either in the country of origin, or in the country where the goods or services are delivered. However, in the case of traders, VAT needs to be paid in the country of destination. It is only in very particular cases that a supplier charges foreign VAT.

Calculating VAT Europe

Calculation

It is important to be aware of the fact that VAT rates vary from one country to another. VAT is calculated on the value of the product or service. The selling price of a good or service is multiplied by the VAT rate applicable. The result is then added to the original selling price. This is what the buyer will be paying. The VAT portion of the price is then remitted by the trader to the VAT authorities of the country. VAT rates are based on the EU’s VAT Directive. All of the EU member states need to adhere to this Directive. The standard VAT rate has to be 15% or higher. The fiscal representative will explain the applicable VAT rate/s in your case.

How does it work?

The process is really simple and quick.

  • Contact VACUE online by filling in the form on the website 'Information Request'. Explain what you are enquiring about, that is, if it is about VAT in Europe issues.
  • Upon receiving your request we will then get in touch with our specialists, depending on what you explained in your request. There are several specialists who will be able to suit your specific needs.
  • These specialists will subsequently contact you, either by calling you or by sending an email. It is VACUE's priority to ensure that communication is as prompt as possible, and so we guarantee that you will receive a reply from the tax specialists within just 8 hours.
  • Within 8 hours the specialist will update VACUE with the status of your request so that we will be informed of what is going to happen with regards to the service required, and be in a better position to manage it all for your utmost satisfaction.

VAT Europe Exemptions

Exemptions

There are some goods and services which are exempt from VAT. Some of these include health care services, insurance services, and education. Should there be a case of VAT exemption, the fiscal representative will be able to inform you.

Registering for VAT in Europe

Registration

If you want to do business with any EU member state, it is best to be VAT registered. The fiscal representative will take care of the VAT registration process on your behalf. This process may be quite demanding and it will differ from one country to another. So the more countries you deal with, the more the services of a fiscal representative become indispensable as it will be easy to get confused. Every country will assign a VAT number to your business. Once you are VAT registered, you will be able to charge your customers VAT, and you may also reclaim any VAT you pay, when applicable. The fiscal representative will explain these VAT Europe details as well as manage all the issues and queries that you might have in relation to VAT.