January 2010

New VAT Directive Update

Increased Admin for Austrian and German VAT reclaims

With the old style paper VAT refund applications, Austrian and German VAT authorities allowed a simplified approach for VAT recovery on small value invoices. Unfortunately, with the new electronic system implemented on 1 January 2010, full information including VAT numbers and supplier addresses must now be submitted. Claims consisting of a high number of small value invoices will be more onerous to submit.