BACKGROUND – A BIG, IGNORED OPPORTUNITY.
Every year, more than 3 billion euros are lost to VAT, a loss that can be reclaimed as it is associated with business activity. This is because many organisations generally do not reclaim VAT, especially on travel expenses. As an example, in Europe, VAT on Hotel Rooms is either partially or fully refundable in over 15 countries. This means that both EU and select non-EU business customers can reclaim VAT paid.