UK VAT Recovery

We analyse all Accounts Payable transactions using our DATAmine TM software to pinpoint items that have been posted gross or partially gross when VAT was available to claim.

Often VAT is not recognisable on documentation or hidden in back-up material. Change of system and high staff turnover and use of temporary staff can make the problem worse. We recently recovered £354,000 of unclaimed VAT from one supplier's invoices covering a period of 2.5 years for a current UK Client.

We obtain copy invoices for all claim items and prepare a schedule to be submitted to HMR&C (we pull out the invoices ourselves). We recently recovered £254,000 of UK VAT from a single euro denominated invoice that had not been processed correctly.

Caatalyst have a large proprietary database of suppliers that we have dealt with for which we have a VAT profile (e.g. full, partial, zero, exempt, mixed) which we then match to your supplier list to look for obvious sources of underclaim.

We provide a simple claim file with full backup for every VAT item for claim showing postings from AP to GL, we talk your VAT team through all of our recoveries and only get paid when you have received value from HMRC.

Unprocessed VAT can be reclaimed for a periods going back 4 years prior to the current date. This Review will require some time onsite to obtain the relevant copy invoices and check finance system journals, probably no more than 2 working weeks. This 4-year time limit is another good reason not to delay the start of our programme, once this time limit is passed such missed VAT is lost forever.