Efficiency
The application process for VAT reclaims is a time consuming task that requires knowledge about the application rules and processes that applies in each specific country. Managing the requirements, deadlines and procedures for all countries in an efficient manner can only be done using a specialized IT-system, having a well-educated staff and optimal business processes. Our IT system has a built-in validation system that makes sure that very specific local requirements for VAT refunds are being met. The system allows us to handle large amounts of data and track individual transactions down to each invoice filed. Furthermore, the system increases efficiency allowing us to upload large amount of data to the tax authorities.
VAT Management handles a large amount of applications for VAT refunds every year, which allows us to create further efficiencies. We continuously strive to improve our efficiency in the following three areas
- Improving the process time of the application for refund through automation and streamlining of our business processes
- Improving the success rate for a refund at each countries tax authorities
- Increasing the number of transactions. We help our clients identify more transactions where VAT has been applied and we also process transactions where the VAT amount is small (e.g. Taxi receipts)
Experience, Competence and high Quality
All our employees are highly educated and trained in the area of VAT. The typical background of our staff is a Bachelor or Master of Science in Business Economics and Auditing.
Our employees are experts at helping your company identifying invoices containing VAT – we know where to look and what to look for. Hence – with new clients we often help increase the number of invoices identified.