VATflo

Make VAT recovery part of your T&E planning.

Clients currently benefiting from VATflo are recovering on average €13 per expense report, without fear of non-compliance or over recovery.

VATflo in action:

• Expense reports are routed to Meridian using one of several options, depending on the current T&E procedures in place (e.g., individual routing direct to Meridian, bulk regional collation, bulk entity collation, etc.).
• All local and foreign VAT is identified in accordance with the relevant legislation by qualified Meridian teams.
• The management of all foreign VAT claims from submission to refund is handled completely by Meridian.
• Local VAT identification takes full account of local arrangements and client specific requirements.
• VAT identification and calculations for both local and foreign VAT are uploaded directly to ERP or other client's financial accounting package.
• Stand-alone T&E local VAT reporting is produced in accordance with local jurisdiction requirements.
• Expense report management services available (including scanning, archiving, retrievals, etc.).
   

Why VATflo?

Why VATflo?

Companies who wish to take full advantage of their right to recover T&E VAT both locally and abroad face multiple challenges:

• A complex and ever-changing set of rules, interpretations and precedents.
• Identifying the correct values of recoverable VAT from all T&E invoices.
• Capturing and collating accurate values.
• Ensuring acceptable supporting documentation is in place and available for review.
• 27 different sets of legislation in EU countries alone.
• Automated systems unable to provide accurate and reliable claim information.

VATflo offers

VATflo offers

Expertise
VAT recovery is our core activity, with over two decades of experience and billions in successful refunds for our clients. We developed the VATflo service specifically to help companies take full advantage of their right to recover T&E VAT locally and abroad.

Accuracy
VATflo carries out a 100% review of all expense reports ensuring that all VAT is identified correctly. This review is carried out using a combination of our highly trained professionals and proprietary IT systems. The output of this review is an accurate calculation of your recoverable local VAT and the identification of all foreign VAT opportunities that are directed into foreign VAT reclaim procedures.

Maximized Refunds
With a 100% review by trained professionals, not only will your VAT reporting be accurate, it will also increase your valid VAT recovery while avoiding over-claiming.

On-time Reporting
The VATflo service will provide on time local returns reporting for 39 countries in Europe, Asia, and Latin America. All foreign VAT claims are routed through our foreign VAT recovery procedures. All claims submission and follow up is handled directly by Meridian.

Compliance
With VATflo you will have the confidence and re-assurance of knowing that all reporting has been compiled in compliance with each jurisdictions legislative requirements. We have a dedicated team constantly tracking and maintaining up-to-date rules for all countries handled.

Flexibility
While ensuring that all reporting and claims are in compliance with legislative requirements, VATflo also has the flexibility to take account of any locally agreed dispensations or client-specific requirements.

Reporting
Local VAT reporting is provided in the format required by the relevant jurisdiction, or can be fed directly into your ERP system. A full compliment of analysis reporting and foreign VAT reporting is available online and offline.