As a VAT specialist consulting firm, we have materialised substantial profits for all of our clients. We make use of unique data analytical software applications which enable us to do a comprehensive line by line verification review of the past 5 years. In our experience we have determined that time constraints, regular VAT law amendments and in some instances, financial restrictions, prevent companies from thoroughly assessing their VAT affairs.
Finance departments often assume that all of the necessary systems are in place to ensure that full recovery is made, however, Elite Recoveries has not come across one company that claims all their VAT correctly. It will also allow you to assess your internal controls and ensure they are implemented and running as they should be. In many cases, errors are difficult to identify and as a result companies overpay VAT by not claiming all the VAT legally due to them.
– Loss of expertise and consistency due to high staff turnover. – High volumes of transactions. – Implementation of new accounting systems and procedures.