- VAT on travel expenses in the pharmaceutical industry is an important topic
- Recovering VAT on travel expenses is just one part of foreign VAT recovery
- Industries like pharma and biotech are not maximizing their full VAT potential
- Medical meetings and events have hidden VAT potential that can be reclaimed
- Employing agencies under the Tour Operators’ Margin Scheme affects VAT recovery
- Organizations should look at high-value recoverable costs, such as clinical trial expenses
- Recovering VAT in clinical trials can be challenging but up to 25% of associated costs can be reclaimed
Source: blog.vatit.com
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.
