Companies that wish to claim VAT expenses within the EU have only a week - until 30 September - in which to do so.

This is in accordance with the EU's international VAT refund scheme - historically known as the '8th Directive' - which allows EU-VAT registered businesses to reclaim the tax on expenses incurred in other EU countries.

Claims are subject to local VAT recovery rules and businesses cannot claim EU VAT in their UK VAT return.

Sarah Barron, indirect tax manager at Menzies LLP says that typical expenses that would bear EU VAT are exhibition or conference fees, local subcontractors' expenses, hotels, car hire, and subsistence.

'Businesses that have incurred VAT in other EU countries, should consider reviewing their expenses to establish if a claim should be made. The application process is completed online via HMRC's website,' says Barron.

Further information is available from HMRC HERE