VAT OFTEN AMOUNTS TO LARGE AMOUNTS OF MONEY, AND RECLAIMING IT IS A HUGE COMPANY SAVING.
Many eligible companies do not reclaim this money as they are often deterred by the complexity of the qualifying rules, deadlines, language barriers and the time involved in making various applications to the different tax authorities in each country visited. VATit handles the entire process from beginning to end, with minimal client involvement.
VATit SERVICES
The VATit group provides clients with the following services:
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Initial free consultation
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On site training of staff
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Regular onsite invoice retrieval. A client service executive (CSE) visits each client regularly to
retrieve invoices that are valid for VAT reclaim. They are highly qualified and specialised people who know how to manage this process smoothly and efficiently
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Where possible VATit will obtain Tax certificates (this certificate serves to prove that the client is VAT registered, in your own country) from the relevant tax offices on behalf of the client
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Rejection claim appeals from the Tax office
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Claim processing and submission
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Recovery of VAT charged incorrectly - VATit can recover and identify incorrectly charged VAT amounts and promptly recover the funds. VATit will contact the supplier and obtain a credit note from the supplier
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VATit provides clients with tailor made reports
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Continuous research of the VAT laws in various countries
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VATit has a full time legal department which offers clients international VAT consulting advice
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VATit provides clients with deadline reminders to ensure all invoices are submitted to the VAT Authorities on time
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Our efficient processing centre has established relationships with numerous suppliers and with the VAT authorities. This assists us to organise your refund as soon as possible
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When invoices are in the incorrect format; for example – photocopies of invoices or profoma invoices, VATit can obtain original invoices for clients from suppliers
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VATit delivers a professional service and holds confidentiality in the highest regard
ELIGIBLE EXPENSES
Invoices that you wish to claim on will vary from country to country.
Here are a few of the most eligible expenses:
- Car Rentals
- Conferences
- Employee meals
- Entertainment
- Hotel Accommodation
- Intercompany charges from European affiliates, head offices or branches
- Management & Consultancy fees
- Petrol
- Professional fees
- Research expenses
- Telecommunication costs
- Trade Shows
- Training courses
- Transportation