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Learn all about VAT reclaim, from managing different jurisdictions to VAT reclaim partners.
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
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
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
5 billion euros. That is the amount of money that businesses are losing just in Europe on unrecovered VAT from travel expenses. The main reason behind this number? Lack of local knowledge, as local regulatory differences can be significant.
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.
UK companies now have the compliance headache of four main VAT rates to cope with and moving dates for implementation so how can they cope?