1st March 2019

Domestic VAT recovery

Domestic VAT recovery

Domestic VAT Recovery GTR: Global Tax Reclaim – Global Tax Returns

More than AP invoices

Domestic VAT Recovery GTR: Global Tax Reclaim – Global Tax Returns – We offer you the best possibility to Optimise your VAT Experience! With Domestic VAT incurred on travel & expenses, did you know you can recover these amounts without it being a burden? Doing so reduces overall business costs, and our solution is the most advanced at optimising your domestic VAT compliance.

Often businesses think Domestic VAT is restricted to P2P/AP and direct cost materials. This means your main costs are entered on your returns, but could mean you’re missing out on travel, expenses, and import VAT. Our solution will transform your recovery and optimise your VAT experience.

Some restrictions can apply for specific industries, such as public bodies, financial services, etc. Which also varies from country to country, and each country has its own rules and regulations regarding refund rules.

Recovery Scope

Areas for Domestic VAT that we can optimise for you straight away include:

Hotels / Restaurants & Entertainment / Fuel / Car Rental / Taxis / Public Transport / Conferences, exhibitions & trade shows / Training course seminars / Leased lines / professional fees / local purchase of goods / Etc …

Our solution

GTR: Global Tax Reclaim – Global Tax Returns offers a seamless, end-to-end VAT solution across all expenses. We provide you with clear and understandable reporting that empowers your expense overview. Our focus will increase claimable VAT amounts, resulting in substantial savings.

  • Missing Invoice identification and collection.
  • Comparison of credit card statements.
  • Invoice analysis and reformatting – Ensuring compliance of supplier invoices with EU VAT Authorities’ requirements. Assistance in obtaining compliant invoices from suppliers if required
  • Supplier refunds – Invoice review to ascertain if VAT was charged correctly by the supplier.
  • Onsite audit and collection service, as well as a direct download of data from your accounting software is available.
  • Submission of the VAT return as required.
  • Your own Client Portal to track and trace status in real time.

Expense categories

  • Non-travel related invoices – Supplier invoices from your paper systems or ERP. We can assist in identification, and recovery of those invoices eligible for VAT refund.
  • MICE – Meetings, Incentives, Conferencing, Exhibitions. We can assist in the recovery of VAT on these events.
  • Tax-compliant T&E expenses extracted from your expense management systems.

Methods of Data Extraction

  • Automated process based on data from expense management solutions. Our technical team will extract the T&E data remotely in a seamless manner.
  • Traditional paper based process if your systems don’t permit the above, we then summarise in our system for your own ease.

Optimise your VAT Experience!

GTR: Global Tax Reclaim offer our clients an exceptional service, with a team that embodies the highest levels of professionalism and integrity.