Foreign VAT Reclaim Process
The client’s role:
As Cash Back’s client you only have to deal with your local Cash Back partner. We handle all the contacts with the local tax authorities in their local language. Transparency is provided through our online client report service.
It’s a simple process for the client and no refund equals no fee!
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Simply send in the relevant receipts or let your local Cash Back office recover them for you.
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We help you complete and provide all the necessary documents
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We handle all the contacts with the local authorities
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Sit back and wait – we refund your VAT and return your invoices upon receipt.
Cash Back´s role:
Cash Back break down the foreign VAT refund process into 4 steps:
1.
Sourcing of foreign invoices
using for example
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Travel Expense files or systems
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Accounts Payable files or systems
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Accounting platforms
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Corporate Credit Card data
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Foreign supplier records
2.
Retrieval of refundable invoices
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Onsite retrieval service relieves your staff of this clerical task
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Development of an identification system to ensure this process is rationalised as much as possible
3. Recovery process
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Pre-filled documents save time, these can be made available online
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Power of Attorney
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Application forms requiring authorised signatures
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Questionnaires
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Certificate of VAT status
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Cash Back submission specialists prepare the claims and submit to foreign tax authority
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Invoice correction for invoices missing company name or needing other formal corrections
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Recovery of wrongly charged VAT via credit note process
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Resubmission for claims needing supplementary information
4. Refund process
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Refunds are paid into United Cash Back’s client trust account and transferred to you together with a detailed account of the amount credited and our contingency based fee
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Return of original invoices