Whether it’s a question of documentation or declarations for VAT refund or excise duty recovery, the European Union is not standardised in terms of rules or procedures specific to each country. The path to success is often long and winding for a company whose core business is transport. Are you a transport professional or coach company? Then this article is for you.
1/Scope and professionals concerned
FastVat can help you with the administrative procedures for recovering VAT in the 27 EU member states. Our area of expertise extends to Switzerland, Norway and the United Kingdom. We assist transport companies established in the EU and outside the EU.
For excise duties, the list of countries in which these taxes can be reimbursed is shorter. You can find the current rules on excise duty recovery in the EU here.
We can help you if you are a road haulier. VAT can be reclaimed on expenditure relating to diesel, tolls and tunnels. Under certain conditions, it is also possible to reclaim VAT on road taxes, as well as other miscellaneous expenses (please contact us for details).
If you are a coach company, our experts can also help you recover VAT. Please note, however, that under Directive 2008/9/EC, only a few EU countries authorise VAT returns for coach companies.
2/What you need to recover VAT and excise duty ?
Recovering VAT or excise duties is an integral part of the budget management of a transport company such as yours. However, to recover these sums from the various parties involved, you will have to embark on an administrative obstacle course.
First of all, you need to know and master the procedures specific to each country. This includes knowledge of local legislation and a command of the language so that you can communicate with the relevant authorities. To keep abreast of the latest legal information, you will need an in-house legal department, or at least a lawyer specialising in this very specific area.
Secondly, your team will spend time and energy keeping abreast of the latest standards and laws in force, as well as knowing the latest excise duty rates and in which countries they are available. Once the applications have been made, your cash flow will not be any the better for it. Payment times are particularly long, depending on the country. It can take 6 months, 1 year or even longer.
As you will have realised, it is easier to reclaim VAT than to actually do it. This is where FastVat can help you.
3/Why choose FastVAT ?
At FastVat, we have all the experts you need to make the process easier. Our legal team keeps abreast of all the latest legislative developments concerning VAT refund and the countries concerned by excise duties. So you’re never caught short. Our expertise is multilingual. So you’ll have the right person in your language to facilitate your dealings with us. We are present in the Czech Republic, Poland, Romania, Bulgaria, Italy, Spain, France, the United Kingdom, Lithuania and Morocco.
-> Thanks to our international team, we are an efficient strike force to assist you in your dealings!
We know that the cash flow problems created by delays in recovering VAT and excise duties can be difficult for your business to manage. That’s why FastVat offers you a unique payment system! Working with us, you can reclaim your VAT every Wednesday! That’s just 3 days on average! For excise duties, payments become quarterly instead of waiting the minimum 6 months required.
-> Drastically reduce your payment times by subscribing to the services of our experts!
Last but not least, our online platform offers you complete transparency on the procedures in progress. Thanks to your customer account, you can track your VAT refunds wherever you are and whenever you want. We also ensure that your refunds are not delayed in the event of an inspection by the authorities by responding promptly.
Things to remember -> With FastVAT :
- Forget the long administrative procedures and the time and energy wasted trying to recover your VAT.
- Don't let payment delays deplete your cash flow: choose FastVat for payment every Wednesday!
- Our expertise extends to the 27 countries of the European Union, as well as Switzerland, Norway and the United Kingdom.
- No need to speak all the languages of your contacts, our experts do it for you and you can exchange with them in your own language for greater ease.
