Hi,
First off, congratulations, nice work
EDIT: scracth the stuff below, i was being blind, it was on the website when you change the delivery country.
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Sorry this is a bit of a boring post about VAT.
I have a UK VAT registered business, and I assume you are ALV registered in Finland (I think any company that does business worth more than 35k has to be ALV registered). Importing to a VAT registered business should be VAT free within the EU VAT zone.
Anyway, it seems the import laws are a bit crap in this area, and a UK company cannot put a claim in to the Finnish govt to claim the tax back. The only solution that is reasonable is we exchange registration numbers and you not to charge me VAT.
Is there a mechanism for this so I dont get stung for 24% I cannot claim back...?
from
(about halfway down the page)
http://www.brighton-accountants.com/blog/vat-uk-finland/
(also I think but am not 100% sure, but because it needs assembly it might not incur uk VAT at all, but I am not an accountant nor lawyer - and for me it doesnt matter I can claim the UK VAT back anyway from the UK government, Cant put a claim into the Finnish govt tho.)
Thanks,
Steve
First off, congratulations, nice work
EDIT: scracth the stuff below, i was being blind, it was on the website when you change the delivery country.
=====
Sorry this is a bit of a boring post about VAT.
I have a UK VAT registered business, and I assume you are ALV registered in Finland (I think any company that does business worth more than 35k has to be ALV registered). Importing to a VAT registered business should be VAT free within the EU VAT zone.
Anyway, it seems the import laws are a bit crap in this area, and a UK company cannot put a claim in to the Finnish govt to claim the tax back. The only solution that is reasonable is we exchange registration numbers and you not to charge me VAT.
Is there a mechanism for this so I dont get stung for 24% I cannot claim back...?
from
(about halfway down the page)
http://www.brighton-accountants.com/blog/vat-uk-finland/
(also I think but am not 100% sure, but because it needs assembly it might not incur uk VAT at all, but I am not an accountant nor lawyer - and for me it doesnt matter I can claim the UK VAT back anyway from the UK government, Cant put a claim into the Finnish govt tho.)
Quote
Importing goods from Finland
A VAT-registered UK business importing goods from Finland should give the Finnish supplier its UK VAT registration number (including the GB prefix) so that Finnish ALV does not get charged.
If ALV is charged, the UK business cannot reclaim it on their UK VAT return or by a direct claim to the Finnish tax authorities.
The best that the UK business can do in these circumstances is to confirm its VAT registration number to the Finnish supplier, then ask for a full credit note and for the goods to be re-invoiced without ALV.
A VAT-registered UK business importing goods from Finland should give the Finnish supplier its UK VAT registration number (including the GB prefix) so that Finnish ALV does not get charged.
If ALV is charged, the UK business cannot reclaim it on their UK VAT return or by a direct claim to the Finnish tax authorities.
The best that the UK business can do in these circumstances is to confirm its VAT registration number to the Finnish supplier, then ask for a full credit note and for the goods to be re-invoiced without ALV.
Thanks,
Steve