Maximizing VAT Recovery in the Engineering Industry: Insights and Strategies

VAT recovery in the engineering industry can be complex and time-consuming
Manual VAT recovery processes are often resource-intensive and yield little results
Engineering firms with local or international expenses have VAT potential waiting to be recovered
Value-added tax is applied at every stage of the manufacturing and supply chain
Businesses are entitled to recover VAT charged by their suppliers
Significant high-value costs in engineering may be eligible for VAT recovery
Tooling costs, licensing & permit fees, and cross-border supply & installation costs can be recovered
VAT recovery can help businesses save money and avoid non-compliance risk

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.