VAT Reclaim

If you’re struggling with HMRC, let us help you reclaim VAT to put money back into your business.

Why reclaim VAT?

Did you know, on average, UK businesses miss out on 54% of the VAT they can reclaim on travel and expense costs (Vanson Bourne, 2017)? That’s a lot of money, that’s rightfully yours, stuck with HMRC.

VAT reclaim is an opportunity to reduce business costs and put money back in your budget. HMRC allows businesses to reclaim the VAT (value added tax) paid on goods and services bought for business use. This includes travel and expenses such as the VAT on fuel.

SAP Concur can help you to successfully reclaim VAT on purchases related to business travel and expense.

Download the whitepaper VAT compliance

The data you need for accurate reclaim

SAP Concur offers an audit solution that lays the foundation for VAT refunds. As expense claims and VAT invoices are checked for compliance, line items containing opportunities to claim the VAT can be more easily spotted. It’s the first step to putting money back into your business.

We’ve put together the Expenses, VAT and HMRC Compliance in a Nutshell’ eBook which can help you to find everything you need to know about VAT and HMRC compliance best practice.

Audit services Read the eBook

Expert help from our tax partners

SAP Concur is connected to a range of tax partners that specialise in VAT reclaim. They have expertise in both foreign and domestic reclaim and can use your SAP Concur data to identify, reclaim and reimburse eligible VAT.

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SAP Concur and our tax partners can maximise VAT reclaim

Identify your partner

SAP Concur have partnerships with a range of tax specialists. We can help you identify the partner that’s the best fit for your business and make introduction.

Find the opportunities

By sharing your SAP Concur travel and expense data with your chosen partner, they can analyse your spending to identify reclaimable VAT in line with HMRC regulations.

Reclaim eligible VAT

The tax partners can manage the VAT reclaim process on your behalf – you don’t need to lift a finger. Soon you’ll see money that’s rightfully yours coming back into your business.

If you’re ready to reclaim VAT across your travel and expense spend, get in touch with SAP Concur today. We’ll help you find the right partner, and the right data, to make the most of the opportunity.

We’ve already helped Electrolux who, when working with SAP Concur, reclaimed 75,000 Euros in the first year compared to 18,000 Euros in the previous year.

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