Business travel expenses and MICE refunds can be substantial, but many times aren’t recovered because the reclaim process is so complex. VAT IT will be exhibiting at IBTM World to demonstrate how our automated solutions, expertise and industry partnerships can free you from the VAT recovery burden. Stop by VAT IT’s booth to speak with Juan Pablo Doniz to learn more about business travel and MICE industry VAT reclaim.
The Reclaim Opportunity
VAT can claim up to 25% of MICE expenses and up to 20% of business travel expenses resulting in substantial reclaim opportunities. If your company is involved in the foreign business travel or the MICE industry, you are able to reclaim VAT charged by suppliers in foreign countries. When you engage directly with these suppliers on behalf of your clients, it is likely they will include local VAT charges on their invoices. Fortunately – as long as you have invoiced your client for services provided – your company can reclaim this VAT via the appropriate refund mechanism. For foreign T&E, VAT IT’s automated system can integrate with ERPs resulting in smooth click-through processes.
An Important Gathering
IBTM World is the leading global event for the meetings, incentives, conferences and events industry, taking place annually in Barcelona. The event has one goal; to inspire the events world to deliver exceptional experiences for their customers. IBTM World brings together the global meetings industry to meet the right people who can create better business results for their organisation.