VAT Refund Review
Where a client transitions to Taxmatic from a different service provider, we offer a historic VAT refund review.
From our experience, a lot of automated VAT service providers do not provide full and complete services when it comes to claiming locally incurred VAT through purchases and import VAT.
It is estimated that up to €20 billion of VAT goes un-claimed in the EU each year. Many businesses miss out on this due to lack of awareness, therefore not provided their service provider with the required documentation to claim back this VAT incurred.
Where a non-EU business holds inventory in an EU fulfilment centre, they often incur import VAT when shipping their product into the warehouse. This import VAT is refundable through your VAT filings.
At Taxmatic, we have assisted several clients in reclaiming large amounts of VAT that they were not even aware that they were entitled to.
Contact the Taxmatic Team to review VAT Refunds.
FAQ
What do I need to do to start the process of historic VAT money that may be owed to me?
You will need copies of all submitted VAT returns and any purchase invoices and import declarations.
Is there a limit on how much I can get refunded?
There is no limit, it all depends on your what VAT you incurred.
How many years can we go back and reclaim VAT?
Generally speaking, you can go back 4 years to make a claim.
How much does the VAT Refund Review cost?
Our fee is 12% of the refund received.
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