Many employee expense management systems (“EMS”) are great at ensuring employees are reimbursed for expenses they lay out on behalf of their employers. Many of these EMS are less good at identifying the VAT that may be recoverable and is included in the expense.
While this may seem trivial, potentially lost VAT can amount to a substantial sum of money. Given the fact that the average rate of VAT in the European Union (“EU”) is over 20%, your business could be losing out on VAT refunds over for relatively modest levels of VAT expenses.
Source: way2vat.com
Latest Posts in "European Union"
- Roadtrip through ECJ Cases – Focus on ”Fixed Establishments” (Art. 44 & 45)
- Titanium Case: EU VAT Fixed Establishment Rules
- VAT Margin Scheme Refusal and Good Faith in German Tax Procedure
- EU VAT Consultation Targets Circular Economy and SME-Friendly Reforms
- Comments on T-569/25: EU Court Requires Good Faith to Be Considered in the VAT Margin-Scheme Assessment
