Businesses who are established outside of the European Union may be entitled to recover Value Added Tax (VAT) that they have incurred during business trips to the United Kingdom. Eligible items include:
- Attendance fees for conferences tickets and trade shows
- Hotel and subsistence costs
- Travel booking fees
- Telecom and network charges
Reclaims can reduce the cost of your UK expenses by as much as 16 percent to improve your overall profitability.
When is the deadline?
There is a strict deadline of December 31 to submit reclaim applications to the UK tax authorities. All claims must include original paperwork (or duplicates reissued by the vendor).
How ACA can help
Cordium’s London-based tax and accounting team has joined ACA as part of our recent acquisition. This team undertakes UK VAT reclaims for non-EU clients. To learn more about our VAT reclaim services, please contact Samantha Pearson or your ACA representative.
Since acquiring Cordium, we’ve integrated the resources, expertise and technology of both companies to offer an unprecedented level of governance, risk and compliance support. We now offer a wide range of tax, accounting, payroll and regulatory reporting services to help our clients who have operations in the United Kingdom or market their funds in Europe to streamline non-core activities and comply with local requirements.