European VAT and Brexit: What are the implications?

No one knows precisely what the full impact of Brexit will be on European VAT nevertheless, Taxback International is ready.

Conversations around Brexit have completely saturated information cycles and now all anyone really wants to know is, what comes next? How will it affect the way business is conducted between the UK and EU? Taxback International has years of experience in VAT solutions and has been keeping an eye on the many issues that may arise.

One thing is for certain, the amount of work that will go into processing VAT reclaims between the UK and EU will increase significantly. The UK will no longer be covered by the EU VAT Refund Mechanism, scanned receipts will most likely become a thing of the past and rates of VAT and thresholds for registration in the UK may vary wildly from those in the EU. Taken altogether these issues will add even more work to an already complex process. How can companies prepare to make sure all bases are covered and they’re ready for the impact? Taxback International Senior VAT Manager, Lisa Dowling says:

“Of course there will be many changes and new regulations will have to be taken into account but it’s nothing we can’t handle. This is what we do at Taxback International. We tailor solutions to meet the exact needs of our clients and manage the entire process from start to finish.”

Taxback International combines innovative technology, deep industry expertise and value added partnerships to deliver comprehensive VAT solutions that maximise your VAT reclaim and minimise your risks, so you can focus on growing your business.

Taxback International is a member of The Taxback Group, a collection of global companies that deliver focus driven, digitalised solutions to simplify the complexity of global business.
The entrepreneurial spirit which characterized its inception in Ireland has continued to shape the products and services which they create. Taxback International recognises that one size doesn’t fit all and strive to create bespoke services that exactly meet the needs of a diverse client base.

VAT is complex. Taxback International makes it simple.
Get in touch with our Taxback International team of VAT experts for more information on how VAT may be impacted after Brexit.