Infographic: The Cost Of Business Travel
4th September 2018: With global VAT rates of up to 27%, can you afford to miss out on any VAT reclaim?
As demand surges in business travel and prices in the industry are sky-rocketing, is your company reclaiming all the VAT that is possible?
Global business travel spend is expected to hit more than $1.7 trillion by 2022, (according to the Global Business Travel Association’s latest BTI Outlook – Annual Global Report & Forecast).
Meals, coffees and taxis are small expenses but the huge volume of these transactions all add up to a sizeable amount of VAT reclaim. With global VAT rates of up to 27%, can you afford to miss out on any VAT reclaim?
Global business travel spend
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2021 EU VAT for e-commerce
6th April 2020: As of 1 January 2021, new VAT rules for e-commerce will apply and will have a big impact on all businesses involved.