euVAT Reclaim offers you a simple, safe and fast way to prepare foreign VAT reclaims. Designed for ease of use, the system enables easy navigation between subsidiaries, clients, claims, and countries. Help notes are available throughout to guide. You can find any information in seconds.
The system provides fantastic flexibility – allowing any number of users, any number of companies or clients; and for basic users there is no fixed contract period.
euVAT Reclaim enables easy input of data direct from accounting or expense software systems with auto population of fields saves massive time meaning claims can be prepared and submitted in just minutes – probably even less time than if you outsource your VAT claims.
Safety is Key
Did you know that on average, every day there is at least 1 change made to VAT legislation somewhere in the EU? euVAT Reclaim takes care of this for you being updated constantly with the latest changes in regulation across EU tax jurisdictions. Automated compliance checks validate your data.
Query Handling control ensures problems are resolved before submission; real time reporting shows the status of claims during pre and post submission.
Import direct from any accounts systems avoids transfer errors; real time financial reports provide detailed analysis of claims; the system provides drill down to input list or scanned invoices; auto-export of refund values to accounts system is provided in any currency.
If you currently outsource your VAT Reclaims to professional advisers, using euVAT Reclaim will save you substantial costs – agents often charge 50% of your refund. Prepare them in-house? The time saved will result in material cost savings. And by the way, unlike alternative technology solutions, there are no set-up costs.
To maximise your claim, the euVAT Reclaim system identifies invalid invoices; also our incredibly low fees mean that small claims rejected by agents become viable.
When euVAT Reclaim identifies compliance errors there is the opportunity to earn additional revenue: e.g. a friendly call to your client about a missing invoice, or to a supplier for a credit note because of incorrectly charged VAT. For tax advisers there’s the possibility of consultancy.
For multinationals, VAT reclaim in multiple jurisdictions is a complex and time consuming process with many pitfalls. There is the added pressure of strict deadlines and conforming to tax authorities’ requirements.
Financial losses, and even penalties, are possible if claim preparation is not properly controlled. euVAT Reclaim, with its numerous in-built management tools, helps safeguard your business.
euVAT Reclaim is a cloud-based solution designed to manage and automate each step of the process saving you time, money and reputation. We provide the technology; you take control.