If
you are travelling to the United Kingdom or Europe on a non EU
passport that is you are not a EU citizen then you are eligible to
claim a VAT tax refund on the bills you pay at stores.
London
offers some of the most amazing sales and Paris and rest of Europe
has deals not to be missed.
So
what is VAT refund?
Whenever
you buy anything at a store look at the bill. Along with the amount
it would be written VAT and some amount next to it.
As a
person who is visiting on a non EU or British Passport you are
eligible to claim the amount of VAT as a tax refund.
So
what does one need to get a VAT refund.
1)
Carry your passport with you to the store (The store may want to see
it before iniatiating the VAT refund process)
2)
At the time of making the payment or later tell them you want a tax
refund. The store most likely would guide you to a department that
would look at your passport or proof of identity that you are
eligible for a tax refund.
You
need to show them the receipts of the stuff you have purchased. They
would fill a form for you and you need to furnish your details such
as name, address, passport number etc.
Make
sure that the store signs and stamps the form as without this you
would not be eligible for a VAT refund.
Make
sure you reach the airport much earlier then you are supposed to for
catching your flight out of EU/England as you would need time to get
your tax refund processed.
When
you reach the airport : Look for the tax refund department .
make
sure you carry the form given to you by the store, the receipts and
the goods on which you want a tax refund. So do this before you
checking your bags
An
officer at the department might want to look at the form, receipts
and the goods before processing your refunds. A lot of airports have
tax refund machines that have automated the process of a tax refund.
At
the time of filling up the tax refund form you may get an option of
giving your credit card details. Providing these details enables the
refund to directly credit back to your credit card. This way you are
saved the trouble of changing currency at the last minute.
Your
tax refund is processed at the last port from which you leave the EU
or UK.
Say
for instance You travel from your country to
London
====>Paris====>Rome====>Switzerland====>Austria
====>London
So
you would not have to get the tax refund from each of these cities/
countries. Instead collect all the form and get the tax refund
processed from the last port of departure before going back to your
country.
In
the example above London (UK) happens to be the last port of
departure so approach that particular tax refund department.
So
when I take a taxi even the taxi receipt had a VAT on it can I claim
that too?
No
VAT that can be claimed is on goods and not on services so go ahead
and shop till you drop but make sure you get your VAT refunded before
you leave for your country and save big on your shoppings.
Happy
shopping.
Besides
tax refunds in UK and Europe there are other places around the world
where you can get a tax refund Let me know if you are interested and
I would do a post on it here.
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