Also in the news...
Norway's WTO Trade Policy Review: UK Statement
UK Statement at Norway’s World Trade Organization Trade Policy Review. Delivered by the UK's Permanent Ambassador to the WTO and UN, Simon Manley.
UK-Norway Iceland Liechtenstein free trade agreement
Business guidance, reports and other documents to help you understand the UK-Norway, Iceland, and Liechtenstein free trade agreement (FTA).
Essential Steps Before Launching an International Auction Business
Expanding a business internationally presents unique challenges, particularly when that business involves auctions. The global auction market continues to grow as more entrepreneurs see its potential for reaching new customers across borders. However, success in this specialised field requires careful planning and the right technological foundation.
Innovative Welsh exporter puts Britain at the forefront of global immunisation efforts
UK Export Finance supports renewable energy tech company Dulas to deliver life-saving vaccine refrigerators to over 80 countries worldwide.
British aerospace manufacturers to benefit from UK-US trade deal
British aerospace manufacturers to benefit from UK-US trade deal as further details announced
VAT Reclaims for International Companies
GB Abogados´accountancy department processes VAT reclaims for international companies who trade with Spain.
Companies are able to apply for a refund of the VAT (IVA) charged on invoices provided by Spanish companies, providing they are from a country with a reciprocal tax agreement with Spain.
The application for a refund of the VAT paid must be made no later than 30th June in the year following the date of the invoice.
For instance, all invoices dated 2017 must be submitted by 30th June 2018.If this deadline is missed, no refund will be forthcoming.
All rates of Spanish VAT can be reclaimed in the same way a Spanish company would be entitled.
Once this Power of Attorney is in place we can make regular VAT refund application on your behalf as required.
The Power of Attorney is part of the set up process and only needs to be done once.
Many of our clients trade with Spain on a regular basis.
The supporting documentation for the refund application is:
- Original invoices
- Certificate of Incorporation (apostilled)
- Tax Certificate from country of origin (apostilled)
- Confirmation of nature of business and reason for purchases
- Bank statement showing IBAN number and account name for refund
- Company document (apostilled) which confirms the individual who signs the POA is a Director
Some documentation will need to be translated into Spanish. We can arrange this on your behalf.
If you trade with companies in Spain and would like to discuss how we can help you reclaim VAT paid, please don't hesitate to contact us for a no obligation consultation.
Article supplied by Gascón Bernabéu Abogados