VAT reclaim specialist VAT IT has joined forces with multi-national TMC Globalstar to offer VAT recovery services.
Companies are allowed to reclaim VAT on employee expenses and travel costs throughout the UK, Europe, Canada, Australia, South Korea, New Zealand, Switzerland, Taiwan and Japan. However, qualifying laws and application procedures can be complicated and time-consuming, according to Globalstar.
The partnership will give Globalstar access to VAT IT’s full range of products and services, which it claims can save clients up to 25 per cent of the travel and entertainment spend.
Steve Hartwell, president of Globalstar, said: “VAT reclaim is often overlooked and the money is lost, but through our partnership with VAT IT we are able to add a valuable service to our clients – driving deeper savings and programme optimisation.”