How VAT reclaim may benefit your company’s finances in times of economic downturn
Covid-19 made us face an economic turndown, but not everything is lost. VAT reclaim may benefit your company’s finances during this unpleasent period.
If you have ever wondered whether recovering VAT on travel tickets could be worth the effort for your company, the answer to this question is a clear and categorical YES. Although any company has the right to do so, many companies give up during the process, resulting in about 5 billion in unrecover
Take it from someone who knows, “the hardest thing in the world to understand is income taxes” for not only is tax law as convoluted as a labyrinth but it may change from one year to the next. Of course, that someone was Albert Einstein. So if you find the tax rules governing business deductions
It may be that “not all those who wander are lost” according to Bilbo Baggins but with the plethora of rules and regulations currently governing per diems, reimbursements, scale rate payments, and round sum allowances in the U.K, it’s very easy to go astray when you travel on business. But
We’re proud to announce our partnership with VAT IT to provide companies across Europe and the world an even more seamless solution to VAT Recovery and expense management. Together we hope to increase vat refund yields for companies across Europe who lose out on millions a year in unclaimed VA
A Per Diem or daily allowance is a specific amount of money an organization gives an individual, often an employee, per day to cover living expenses when traveling for work. Working with Per Diem rates can be easier for your company, as it eliminates the need for employees to prepare, and employers
Lots of companies still overlook the potential of foreign VAT recovery for their expenses — that’s the VAT you pay over business expenses made abroad, like hotel stays and conference tickets. Globally, $20 billion is lost in unclaimed VAT every year — money that would have been rightfully thei
More and more employees need to travel for work reasons. As such, companies have to cover the expenses of these trips, on many occasions through the Per Diem allowances, but what are exactly the Per diems? Per Diems are fixed amounts of money that an employee can spend during a business trip. These
Do I have to reimburse my employees for driving their cars? If this question pops up into your mind thinking about Mileage Reimbursement, you’ve landed in the right place. Become an expert in no time diving into our Mileage Series.