VAT IT, the world’s largest VAT reclaim specialist, has joined forces with multi-national travel management organisation, GlobalStar to offer VAT reclamation services, helping businesses navigate the complex world of VAT recovery and compliance for travelling employees.
The partnership will give GlobalStar access to the full range of products and services supplied by VAT IT, to help them to deliver significant savings to their clients. Companies can save up to 25% of their travel and entertainment spend. VAT can be reclaimed on employee expenses and their travel throughout UK, Europe, Canada, Australia, South Korea, New Zealand, Switzerland, Taiwan and Japan.
The qualifying laws and application procedures required are elaborate and vary from region to region. It is time-consuming to submit applications to the relevant tax authorities, and often language barriers make this even more difficult. Additionally, in order to get the full tax rebate benefit, companies need to devote significant time, money and human capital. The partnership with VAT IT will allow GlobalStar clients to access to VAT IT’s wealth of knowledge, experience and innovation to maximise VAT savings.
Sophia Sophos, Managing Director of VAT IT USA says: ‘VATIT is very excited to announce its latest partnership with GlobalStar. The synergies that the partnership creates will generate significant value add to our clients, offering a seamless business travel and VAT reclaim solution to the market. It’s another powerful example of how the right partnership can add genuine cost-saving value to any business’’.
Steve Hartwell, President of GlobalStar added “VAT reclaim is often looked and the money is lost, but though our partnership with VAT IT we are able to add a valuable service to our clients – driving deeper savings and programme optimisation.