Work out export refund instantly with clear inputs, formula shown and shareable results.
Exports are zero-rated, so input credit attributable to them cannot be used against output tax and is refunded. The refund is apportioned by the ratio of export turnover to total turnover, which is the standard formula.
Export refund
Refund = net input credit × export turnover / total turnover
Tax figures are estimates based on the rates, caps and thresholds you enter. Real rules differ by jurisdiction and change every year, and personal circumstances alter the outcome. This is not tax or financial advice — confirm with a qualified adviser.
Zero-rating preserves the input credit chain, so exporters recover embedded tax. Exemption would block credit and export the tax.
Statutory timelines are usually 60 days, with interest payable on delay, but documentation errors are the common cause of hold-ups.