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 has been successfully looking after our European cross border VAT recovery since 2017 with material recovery values received to date. As we have navigated our swift European expansion over the past number of years, GTR has also been a valued partner on the VAT planning and compliance side with significant involvement in managing multiple complex EU VAT registrations on our behalf in the that time. We work very closely with GTR when planning to begin operating in new jurisdictions globally. I have always found that Alan Byrne and his team offer an excellent service over any other provider. In challenging times, or when planning for future expansion, it’s good to have GTR in my corner.

Tax Manager, One of Irelands largest construction contractor with projects in the UK and EU

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