Concur’s Automated VAT Reclaim – get more of your money back
Many organisations worry about Value Added Tax (VAT) rates and how to manage all the different rules that exist with reclaiming VAT from domestic and international travel.
By automating your travel and expense management process with Concur, you will have one seamless solution that will give you easy access to data that will help you recover VAT. VAT rates are automatically updated within the system, if and when they change. Different rates can be automatically applied based on the type of business expense being claimed.
By using Concur you will gain:
The ability to maximise VAT recovery
Concur’s data analysis tool quickly and easily identifies possible VAT refund opportunities. The system also ensures that users enter the correct information to identify potential VAT reclaims for travel in the UK and abroad.
The ability to have full visibility and control
Concurs gives you greater management of ongoing VAT claims with access to online tracking that predicts and manages financial accruals, budgets and cash flow.
The ability to save time with VAT compliance
With Concur, you can save time and increase VAT refund potential by capturing electronic receipt images helping comply with HMRC VAT standards for VAT reclaim.
Why pay more taxes if you don’t have to?
Could you reclaim VAT from your foreign trips too?
Today, 80 per cent of companies who try to reclaim VAT encounter difficulties because they do not understand the opportunity, it is time-consuming and resource intensive, or they lack local tax expertise. By automating your travel and expense management process with Concur, you will benefit from having one seamless solution that includes functionality from Taxback.com, the industry-leading VAT reclaim service provider.
€5 billion of VAT is unclaimed by organisations every year. Concur can help you maximise foreign VAT returns and reduce the costs of doing business both in Europe and internationally.
Many businesses find it time consuming and resource intensive to reclaim VAT incurred from European and International travel. With VAT rates varying from 5 to 25 per cent throughout Europe and the rest of the world, it is hard to maintain systems that can track the different rates and applicable rules.
Concur can also help in the reclaiming of VAT for small businesses.
Why partner with Taxback.com?
Partnering with taxback.com gives you:
- Locally owned offices in 20 countries
- 24/7 client support in 14 languages
- Expert analysis
- On-site audit invoice collection
- Full transparency and control
- Fully trained staff
- Compliant receipts
- Rapid reimbursement
- Competitive pricing
Benefits include:
- Maximised VAT Recovery: Concur’s data analysis tool quickly and easily identifies possible VAT refund opportunities.
- Full Visibility & Control: Greater management of ongoing VAT claims with access to online tracking that predicts and manages financial accruals, budgets and cash flow.
- VAT Compliance & Compliant Receipts: Save time and increase VAT refund potential by capturing electronic receipt images complying with VAT standards.
- Every year, organisations lose money through unclaimed VAT. With Concur, you can maximise VAT recovery and reduce the costs of conducting business abroad.
