The December VAT Deadline is fast approaching! Do you need to file?
Under the Thirteenth VAT Directive (86/560/EEC), the deadline for Non-EU countries reclaiming VAT from travel to the UK is 31st December 2018.
US based businesses visiting the UK are able to claim VAT refunds on VAT incurred on goods and services consumed in the UK from the period July 1st 2017 until June 30th 2018.
For US-based offices VAT reclaim is available on goods and services purchased during the refund period provided in the UK on accommodation (20% VAT!), fuel, tolls, car hire, meals, drinks, restaurant services, admissions to trade fairs, exhibitions and much more.
US based companies are due huge refunds on business spending in the UK!
But keeping track of all business expenses is no small task. More often than not, expenses are charged on company credit cards while others are paid in cash or even with the employee's own personal cards. In addition, not all electronic invoices are valid for VAT reclaim and printed invoices often contain varied VAT rates which may not be distinctly marked.
VAT reclaim can be complicated! But it doesn't need to be.
Taxback International is a global leader in local and foreign automated VAT reclaim.
We capture VAT on every transaction. Our proprietary software automates the VAT reclaim process by extracting data quickly and accurately, automatically processing the data for submission to the tax authorities.
By combining our global expertise with our automated VAT reclaim process we can radically reduce the time taken to submit claims and for you to receive reimbursement.
But time is running out.
The time frame for recoverable VAT is from the 1st July 2017 to the 30th June 2018. The deadline to reclaim is December 31st 2018.
There is no scope for late returns, so if you miss the deadline - you lose your refund!
We know that Indirect taxes such as VAT and GST can have a huge effect on your business. As VAT rates change sporadically keeping yourself informed can be difficult. Compliance is always crucial. That’s why our Indirect Tax Experts share their hand-picked news stories every day that you need to know. From breaking news to VAT changes and new EU legislation. We know that relevant information means better decision making. We aim to be your number 1 source for VAT and GST news.
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