Professional VAT recovery service for international and domestic VAT
VAT registration and reporting services for foreign businesses
Check of incorrectly charged VAT from foreign supplier and sub contractors
VAT consultancy services and VAT trainings
Since 1.1.2010 EU has changed the VAT directive for most services provided by Intercommunity sales and exports. From this date VAT is due in the country of the customer’s permanent establishment, using reverse charge. Many large companies experience, in spite of this change in rules, incorrectly charged VAT from suppliers or more often from sub-contractors.
It is normally not possible to recover incorrectly charged VAT through a standard refund procedure. Each supplier is in this case responsible to correct a previous issued invoice and repay any incorrectly charged VAT. In MomsPartner’s Premium service we offer to manage the complete VAT check process from review of invoices until the incorrectly charged VAT is credited and transferred back to your bank account.
In most cases a company's initial response is that this product is not relevant since they mostly deal with companies inside EU, and all invoices are excluding VAT according to new VAT directive, using reverse charge. After performing a large number of VAT check’s for our clients we unfortunately discover that many suppliers and especially sub contractors wrongly charge VAT. The main invoice may look like it is excluding VAT, but when invoices from sub suppliers are carefully reviewed they often include VAT. This means that you are paying more for your products than you should!
