Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Maximize Your VAT Recovery with VAT IT and Concur


Published on

Joint Brochure covering VAT IT's cloud-based T&E data retrieval and analysis for maximum VAT recovery. To learn more about the integration between Concur and VAT IT, please visit

Published in: Technology
  • Login to see the comments

  • Be the first to like this

Maximize Your VAT Recovery with VAT IT and Concur

  1. 1. Are you recovering all the VAT your company is entitled to? • Business Travel: Recover VAT spent on business travel expenses in Europe, Australasia, Canada, and Japan. • Supplier Invoices: Recover tax on goods and services issued by foreign suppliers. • Aviation: Recover fuel tax charged in foreign countries. • Import VAT Recovery: Recover import VAT and other taxes when shipping equipment to foreign countries. • MICE: Recover VAT charged by foreign suppliers in the Meetings, Incentive Travel, Conferences, and Exhibitions/Events industry. • Tour Operators: Recover VAT and taxes on the purchase of travel components such as hotels, car rentals, and tour packages. • Service Withholding Tax: VAT IT will source and compile all relevant documentation required from foreign customers and tax authorities in order to facilitate withholding tax recovery. Imagine saving up to 25% of your Travel & Entertainment spend by recovering VAT incurred on both domestic and foreign expenses. VAT Cloud™ by VAT IT makes it easy through cloud-based integration with Concur Expense, automatic retrieval and analysis of expense data, and direct submission to relevant foreign tax offices. End-to-end VAT recovery Don’t invest significant time and resources recovering VAT. With direct integration into Concur and your existing ERP system, VAT Cloud™ enables VAT IT’s team of VAT recovery experts to retrieve and analyze your T&E data in real time, then submit the reclaim for you. End-to-end VAT recovery is not only hassle-free, but also requires little to no IT resources to deploy. With minimal effort, you’ll be able to: • Unlock cash savings embedded in your expense data. • Streamline the entire VAT reclaim process with one cloud-based solution. • Get clear, transparent reports on submissions and VAT refunds in real time. • Gain visibility into expense data by country, expense type and employee. • Drill down to the finest detail on an invoice level. • Submit 100% compliant tax refunds — guaranteed. Integrated systems do the work for you Because VAT Cloud™ connects directly to Concur Expense, data acquisition is done behind the scenes in real time. Manual tasks are no longer a drain on resources, and instead replaced with a simple, secure process: 1. VAT Cloud™ extracts data via live system integration with Concur Expense. 2. VAT Cloud™ algorithms identify all potential VAT reclaims. 3. Decision engine collates expense data and combines them into one record of clean data. 4. Invoices are packaged and collated into compliant VAT reclaim format. 5. Claims are sent directly to the relevant tax office. 6. VAT refund is deposited directly into your bank account. Maximize Your VAT Recovery Fully automated, cloud-based retrieval and analysis of T&E data
  2. 2. ©2017 Concur, all rights reserved. Concur is a registered trademark of Concur Technologies, Inc. All other company and product names are the property of their respective manufacturers. Specifications and other details listed are accurate as of printing, but may change without notice. VAT recovery doesn’t have to be complicated. Get maximum refunds with minimal effort. Visit the Concur App Center to learn more. Put your Concur data to work and get thousands back in VAT refunds VAT IT has spent the last 16 years identifying, researching, and perfecting foreign tax refund opportunities. Take advantage of their expertise by connecting VAT Cloud™ to your Concur Expense account — they’ll track down and recover the VAT you are owed so you can focus your time and resources on growing your business. 2 4 5 6 8 3 7 1