Don’t make the tax man even happier…
We analyse accounts payable transactions and other data sources via our software to pinpoint items that have been posted gross or partially gross when VAT was available to claim.
Often VAT is not recognisable on documentation or hidden in back-up material. Change of system, high staff turnover and use of temporary staff can make the problem worse.
We obtain copy invoices for all claim items and prepare a schedule to be submitted to HMRC or other local national tax authority. Final approval of submissions the tax authorities remains with the Client.
Caatalyst have a large proprietary database of vendors profiled for historic VAT status and we match that to your vendor set to help identify areas for review. our VAT & Sales Tax Audit will ensure that you will recover all of the input tax that you can in the UK, Europe and further afield.
We provide a simple claim file with full backup for every VAT item for claim showing postings from AP to GL, we talk your VAT team through all of our recoveries and only get paid when you have received value from HMRC.
Missed input VAT can be reclaimed for a periods going back 4 years prior to the current date in the UK. Date limits vary elsewhere in Europe and worldwide.
We are experienced in recovering VAT in EU countries (e.g. TVA, MwSt and IVA) and worldwide.
The time limits on reclaim imposed by the tax authorities is a very good reason not to delay this audit segment; once this time limit is passed such missed VAT is lost forever.