Value-Added Tax (VAT)

Opportunity: Unbeknownst to many organizations, VAT is often recoverable for clients performing business abroad.

Implementation: VAT is a transactional tax similar to sales tax, however, instead of being added to the final sales price of the item or service, it is built into the final selling price. At rates that approach 20%, this is a significant additional cost of conducting business in VAT locations. Recovery areas range from lodging and meals to professional services rendered during conferences and exhibitions. ThreeFive’s VAT service is a natural extension for its existing clients as well as new clients who have a strong overseas presence. Although VAT recovery can be a very time consuming and complex process requiring knowledge of foreign tax laws and procedures, ThreeFive’s proven method of capturing the pertinent data for refund submission combined with its “UK VAT Contract Consultant” creates a strong value proposition for clients maximizing recovery.

Result: Upon completion, our clients have filed for and received full VAT credit…before we are paid!