VAT for exporters outside of the EU

Stock Sourcing are always looking for ways to help our customers with the issues around tax and export.

As an exporter buying stock in the UK and dispatching it to nations outside of the EU, you have no requirement to pay UK VAT. However, in order to do this you must have official proof of the goods leaving the UK. This proof is limited to either an Air Way Bill or Bill of Laden. This documents are obtainable from most freight forwarders.

Stock Sourcing have provided the information and system below for customer with limited shipping experience or thoese who do not yet have a formal booking made with a freight forwarder. This deposit system allows customers to purchase stock and hold it within the UK whilst still retaining the right to claim back their VAT once the goods have been properly exported.

 

Shipping Documents and VAT Refunds

 

Stock Sourcing require you to pay the VAT on your purchase. This is to guarantee that you will provide shipping documents proof of export.

Please follow the instructions below in order to avoid any difficulties with the refund.

 

Customers to –

Provide Bill of Laden / shipping documents within 30 days of invoice date.

Provide the consignee name as it will appear on the Bill of Laden / shipping documents as soon as possible.

Ensure that the invoice number is given on the Bill of Laden / shipping documents.

Inform Stock Sourcing of any delay to your shipping.

Please provide your shipping document along with your invoice and bank details together. Provide the information clearly by email, fax, post or in person.

 

Failure to comply with any of the above may result in you losing your VAT deposit.