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WebExpenses has formed a partnership with a
leading provider of automated VAT recovery and reporting services.
The combination of WebExpenses expense claim automation
applications and our partner's technology-enhanced VAT recovery and
reporting services allows the foreign VAT reclaim process to be
automated from data input and VAT assessment to the printing of local
language VAT reclaim forms.
This represents a significant step forward from traditional VAT
management methods that tend to be labour intensive and only partially
effective and makes foreign VAT recovery a viable proposition for small
and medium sized firms. Efficient VAT data collation allows
organisations to begin to understand their true VAT exposure, assess
the materiality of various types of VAT expense and use this knowledge
to make the recovery of foreign value-added taxes a standard, automatic
part of their overall expense management strategy.
The VAT recovery services that we offer in conjunction with our partner
include:
• A review of reclaim applications and supporting invoices
• Reports of non-refundable items
• Summary reports on a semi-annual basis
• Submission of applications to foreign tax ministries and
management of all correspondence with the ministries
• Recovery of VAT incorrectly charged by vendors
If you are interested in this service, please Contact us.
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