From buses and taxis to meals and hotel stays, companies pay VAT on many business expenses during the travel. Global business travel spend is forecast to reach $1.7 trillion by 2022, but many organisations still only recover a fraction of what’s owed to them.
There are 3 main VAT deadlines throughout the year that companies looking to reclaim VAT on business travel must be aware of.
Source: taxbackinternational.com
Latest Posts in "European Union"
- Scope of Standstill Clause in VAT Directive for New EU Member States: Spanish Representation Expenses
- EU Refers Spain to Court for Failing to Transpose VAT Directives into National Law
- EU Refers Spain to CJEU Over Failure to Transpose Two Key VAT Directives
- EU Court Rules VAT Applies to In-Game Asset Sales; Not Exempt as Financial Services
- ECJ Rules VAT Applies to Trading In-Game Assets for Real Money, In-Game Gold Not Exempt
