Masters of VAT: Helping Retailers Reclaim What They're Owed
In this eBook, you'll discover the variety of ways that SAP Concur can support you in your journey to become a master of VAT.
Of course, VAT has been a valuable source of revenue for the UK Government since 1973. Yet, despite more than 40 years of getting used to calculating, paying and reclaiming VAT, businesses still struggle to adhere to HMRC guidelines.
With support from SAP Concur, it doesn’t have to be this way. First, we offer an expense audit solution to check for fraud and non-compliance. Secondly, we work with tax specialists to help you comply with VAT regulations. Thirdly, we give you visibility and control over all aspects of your travel, expense and invoice spending.
Every industry has different VAT requirements and challenges. That’s why, at SAP Concur, we tailor the services we provide to meet the unique needs of each client. Here’s why retail businesses rely on us:
- Easy access for every employee: By giving employees a mobile travel and expense management tool, you can collate the accurate data required for VAT reclaim in real-time. Ideal when dealing with those seasonal peaks.
- An international solution: SAP Concur can process receipts in multiple currencies and languages meaning wherever your employees travel, the tax can be reviewed and reclaimed as necessary.
- All your data, all in one place: Ensure duplicate expenses and invoices aren't being paid by mistake. Aggregate data from all your locations to spot opportunities for VAT reclaim and negotiate more effectively with suppliers.
Crucially, we see VAT reclaim as an opportunity to reduce business costs and put money back in your budget. And we know that when the time comes to audit your business, HMRC will be looking at your spend management from start to finish. That’s why SAP Concur enables you to put a full, end-to-end process in place. Read the eBook to learn more.
