With VAT now collected in all European countries, it is estimated that €8- €10b is being lost by enterprises each year that are unaware of their entitlements and often unfamiliar with international tax regimes. Global Tax Reclaim has worked across a range of different sectors – from pharmaceuticals to engineering, merchandising to manufacturing.
European VAT legislation (8th and 13thVAT Directive) is framed to ensure a level playing field for all businesses. It aims to ensure that foreign businesses cannot be disadvantaged by additional VAT costs, which a local business can automatically recoup through its periodic VAT returns.
At Global Tax Reclaim we believe the following ideals are key to our success
Knowledge
We ensure that all our staff are fully briefed and updated on the ever changing VAT legislation and requirements in all European countries. We have a program of continuous training that ensures we are up-skilled to maximize your foreign VAT refund entitlements
I.T
We have developed a unique system that logically ensures your claims are processed expediently while ensuring your business receives its’ full VAT refunds. In our ever evolving system, we are adaptable to cater for specific client requirements and we ensure that each client’s individual needs are comprehensively covered in the area of foreign VAT rebates.
Communications
We believe that VAT claimants are entitled to regular feedback and knowledge on their VAT rebate positions. The process of reclaiming VAT can take from 4 to 12 months, depending on claim country. This timeframe can be a long for some clients and we acknowledge that regular updates are important to clients. You can be sure of friendly and practical advice.
Personnel
Global Tax Reclaim Ltd is staffed by professionals, some of whom have worked in the VAT arena for over 20 years. We are continuously training and updating our skills to keep current with the ever-changing nature of country VAT rules.