Vat Refund Overview

Do you know, Value Added Tax (VAT) paid on a wide variety of foreign business expenses is reclaimable from all European Union Countries, Norway, Japan, South Korea, Canada & Australia? Do you know, lot of foreign suppliers are charging VAT incorrectly on the imports of goods and services?

Your company may be entitled to reclaim this VAT, but every year VAT worth billions, remains unclaimed by foreign companies due to the cumbersome procedures. For example; if employees or executives of your company, having a business trip to UK where they incur expenses of £100,000 excluding VAT on hotel, food & local transportation;

%20 VAT is incurred on their spending. These charges add up to £ 20,000 and are completely recoverable from the local Tax Authority