Don’t leave money on the table

| January 19, 2018

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Some companies make no effort at all to recover their VAT. But even those who think they’re reclaiming VAT may in reality only be recovering a small proportion of it. There are several reasons why companies fail to recover part or all of their foreign VAT. The main culprit a very confusing bureaucratic process. The end result is businesses are leaving large sums of money on the table. We estimate conservatively that a company which spends €5 million per year on foreign travel could easily be losing €300,000 if it fails to go after its VAT which is exactly what happens most of the time.

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tnooz

tnooz is the original voice in travel and hospitality technology. Our mission is to be the brightest source of travel technology news, analysis, and viewpoints from around the travel and hospitality industries. We look behind the news to provide commentary and actionable analysis for travel professionals across all segments of the travel, tourism and hospitality industry. We reach more than 300,000 travel professionals each month through our newsletters, articles, live shows, and speaking engagements all across the world.

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Spotlight

tnooz

tnooz is the original voice in travel and hospitality technology. Our mission is to be the brightest source of travel technology news, analysis, and viewpoints from around the travel and hospitality industries. We look behind the news to provide commentary and actionable analysis for travel professionals across all segments of the travel, tourism and hospitality industry. We reach more than 300,000 travel professionals each month through our newsletters, articles, live shows, and speaking engagements all across the world.

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