The hidden potential of VAT reclaim

Analysing how VAT reclaim needs to change to help businesses maximise revenue and improve their spend management.

Levied by more than 160 countries, Value Added Tax (VAT) is one of the most common forms of taxation in the world. VAT is applied at every step of the manufacturing and supply chain – and collected by businesses on behalf of the government.

The COVID-19 pandemic has had an extensive impact on businesses, with two in three leaders reporting it has had a negative effect on their organisation’s financial position and security