VAT Health-Check

Minimise your risk of VAT exposure and penalties

By initiating a VAT health check, you are taking the opportunity to protect your business from any unexpected non-compliant areas of your ledger management process. Either way, it’s a process that gives peace of mind.

Our VAT Health-Check Process

Contact

Contract

Review
Identify

Document

Report

VAT affects everyday business transactions. A non-compliant business faces the genuine risk of being assessed VAT penalties and interest.

As organisations evolve, supply chains, billing structures, supplier & customer data setup, for example, can cause mistakes and pose a real risk to what is usually a compliant business.

Cross Border VAT Reclaim Chart

Effective management of VAT can result not only in the correct reporting of VAT and hence prevention of potential VAT penalties and interest, but also allows identifying the potential VAT savings and other efficiencies.

The Process

Once we gain a clear understanding of your business and processes, we will review your companies transactional data, following transactions from PO to payment, including an in-depth analysis of your current VAT systems. Our investigation and review will cover transaction types, VAT codes, supplier and customer data, indirect tax filings such as VAT, ESL/VIES Intrastat, and considerations of the possible impact caused by BREXIT. Our findings will enable us to develop a comprehensive view of your accounting chain within your organisation.

The Outcome
  • Discover and outline all potential VAT compliance risks.
  • Address all issues that need to be corrected.
  • Identify any potential improvements and savings.
  • Document your supply chain process and develop a reference template for future use by your organisation.

A VAT Health Check will typically take approximately 30 hours to complete. If additional information indicates any significant issues that require further investigation, we will advise you of our findings and discuss your options.

Download our VAT Health-Check Guide

Don't just take our word for it...

“The Group commenced using the services of Global Tax Reclaim in November 2013, to reclaim VAT associated with EU travel and related costs. With GTR’s help, the VAT refunds received have subsidised the necessary costs of EU marketing and promotion. We have found the VAT recovery process to be efficient and transparent and GTR’s contingency based fees value for money. Finally, our expectations have always been exceeded.”

Investments and Taxation Manager – Leading provider of services in the pharmaceutical and healthcare sector

Leading provider of services in the pharmaceutical and healthcare sector
More testimonials »

Contact our VAT experts today

Call +353 1 4587 460 or email info@globaltaxreclaim.com

Headquarters

Ireland Global Tax Reclaim Ltd
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ul. Chmielna 73B/14
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152-160 City Road
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