Day: 7 July 2022

European companies failed to reclaim $16.5B in bus...

Across Europe, corporates can reclaim VAT on employee travel expenses for business trips, including transport, meals and accommodation. Yet during a period where the rate of inflation exceeds 8% in many markets, and central banks are embarking on significant tightening of monetary policy, businesses are missing out on vital profitability by failing to reclaim VAT.