VAT compliance consultancy

Failure to comply with your VAT obligations may lead to irrecoverable VAT costs or penalties. But many companies have pivoted from responsibility to opportunity, shifting their approach to see compliance as a strategic investment. Driving real efficiencies, increasing opportunities, and becoming more competitive.

With the shift to global compliance being viewed as a strategic investment, businesses face significant challenges due to the increased complexity of international tax rules, new indirect tax compliance legislation, remote working, the aftermath of COVID 19, and the current disruption with war and energy prices. These indirect tax compliance challenges have increased the need for compliance and added pressure on many companies’ finance and tax compliance functions.

58% of senior compliance professionals now view global VAT compliance as an opportunity to create value rather than an obligation that results in a net cost.

With ever-changing development in technology and algorithms, the output is only as good as the information inputted. Lack of VAT compliance knowledge is a significant challenge in meeting VAT compliance obligations. 42% of finance companies with international business cited the requirement to develop the knowledge and skills of their compliance professionals. The current shortage of the skilled VAT compliance employment pool and constantly evolving technology can often add a new layer of risk to their indirect tax compliance function.

Our VAT compliance consultancy will ensure your processes meet regulatory requirements, identify possible risks, and assist you in implementing VAT controls, ensuring you are fully compliant. We can assess your current processes and advise you on how best to generate savings, reduce risk, and better manage your VAT compliance challenges in multiple jurisdictions. Our costs are among the most competitive on the market, and our team work to the highest level of professionalism in a friendly and efficient manner.

We update our clients on their VAT compliance status and progress and provide them access to our VAT Compliance portal “VAT Prism”, which keeps them fully informed in real-time when and where they need an update.

If you would like to talk to us about how we can assist you with your companies VAT compliance requirements please email us at info@globaltaxreclaim.com

GTR manages our global VAT compliance for many Group entities and tax authorities, streamlining our VAT filings and returns while meeting complex deadlines in multiple currencies. GTR’s in-house expert team and proprietary technologies ensure 100% compliance while delivering full visibility of our global VAT transactions.

GTR’s team have been nothing but professional and top-class since we started working with them.

Director of Accounting, US Cloud Networking Company with a global reach

Resolving indirect tax compliance and VAT recovery challenges in multi jurisdictions.