Foreign VAT refunds ― refunds of UK VAT to overseas businesses

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note provides details of the procedure that needs to be followed by overseas businesses in order to reclaim UK VAT they incur.

See the Foreign VAT refunds ― obtaining refunds from EU member states guidance note for details on UK businesses recovering VAT incurred in EU member states.

In-depth commentary on the legislation and case law, see De Voil Indirect Tax Service V5.152.

When might a foreign business require a refund of UK VAT?

Sometimes, a foreign business which is not registered for VAT in the UK may nevertheless incur UK VAT for a business purpose.

A typical example of this would be where the foreign business takes part in a UK trade fair and is charged UK VAT.

Because the business does not have a UK VAT registration number, the UK VAT cannot be claimed as input tax via a UK VAT return in the normal way. However, subject to meeting certain conditions, it may be possible for the foreign business to make a claim

Continue reading

To read the full Guidance note, register for a free trial of Tolley+™

TAKE A FREE TRIAL

Popular Articles

Corporation Tax

Enterprise investment scheme tax relief

Enterprise investment scheme tax reliefOverview of EIS tax reliefsThe enterprise investment scheme (EIS) offers significant tax reliefs to encourage individuals to invest money in qualifying shares issued by qualifying unquoted companies. The scheme is designed to encourage investment in small,

14 Jul 2020 11:36 | Produced by Tolley Read more

Owner-Managed Businesses

Wholly and exclusively

Wholly and exclusivelyFor both income tax and corporation tax purposes, one of the fundamental conditions that must be satisfied for an item of expenditure to be deductible, is that it must incurred ‘wholly and exclusively’ for the purposes of the trade, profession or vocation. References to CTA

14 Jul 2020 14:00 | Produced by Tolley Read more

Personal Tax

Payment of the remittance basis charge

Payment of the remittance basis chargeRemittance basis chargeThe remittance basis charge is an annual charge payable by ‘long-term’ UK residents for the privilege of claiming the remittance basis.Taxpayers who wish to utilise the remittance basis (but do not qualify for it automatically) must pay

14 Jul 2020 12:52 | Produced by Tolley Read more

��Ӱ��