With the process for reclaiming tax being quite complex, foreign tax is often left unclaimed. Foreign VAT rates of up to 25% are incurred by many businesses however it is the third largest controllable corporate expense. SMMT is offering our members a service that will help you recover VAT you have already paid with zero risk. Your business can submit claims up until 28 September 2012* to reclaim VAT expenses incurred abroad during 2010 (1 January – 31 December 2011).
Given time constraints, you may wish to cherrypick the highest value invoices for this years deadline. VATit’s standard rates across Europe are 40% for a full retrieval and 30% for a self retrieval. This refers only to countries with the European Union
SMMT has secured a preferential rate for SMMT members only. The following rates will apply:
20% for self retrieval and
30% for the full retrieval service
To enquire about this service please contact memberservices@smmt.co.uk and take advantage of the special SMMT member rates. If you contact VATit directly you will need your membership number to access the special rates.
Below are examples of expenses you can claim VAT back from if you have not done so already:
For more information on VATit visit their website at www.vatit.co.uk.
* We strongly advise that you submit your claims, if through VATit and a new client, before the end of August to assist VATit processing at short notice.
International VAT refund service
With the process for reclaiming tax being quite complex, foreign tax is often left unclaimed. Foreign VAT rates of up to 25% are incurred by many businesses however it is the third largest controllable corporate expense. SMMT is offering our members a service that will help you recover VAT you have already paid with zero risk. Your business can submit claims up until 28 September 2012* to reclaim VAT expenses incurred abroad during 2010 (1 January – 31 December 2011).
Currency reclaim table 2012
Given time constraints, you may wish to cherrypick the highest value invoices for this years deadline. VATit’s standard rates across Europe are 40% for a full retrieval and 30% for a self retrieval. This refers only to countries with the European Union
SMMT has secured a preferential rate for SMMT members only. The following rates will apply:
To enquire about this service please contact memberservices@smmt.co.uk and take advantage of the special SMMT member rates. If you contact VATit directly you will need your membership number to access the special rates.
Below are examples of expenses you can claim VAT back from if you have not done so already:
Download VATit Information flyer 2011
Download sample client agreement
For more information on VATit visit their website at www.vatit.co.uk.
* We strongly advise that you submit your claims, if through VATit and a new client, before the end of August to assist VATit processing at short notice.