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Hauliers urged to reclaim VAT from abroad
17th December 2009, Page 10
17th December 2009
Page 10
Page 10, 17th December 2009
— Hauliers urged to reclaim VAT from abroad
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A COMPANY THAT helps UK international hauliers recover VAT from European countries says it is now acting for 500 operators.
Servitir 2000 SLU, which is based in Berwick. says there are "billions of eurosin unclaimed VAT held by other European countries.
The VAT, which is paid on tolls and hotel bills, as well as on fuel, is often difficult to claim back because administration is complicated and must be done in a foreign language.
Servitir managing director Anthony Renton says that an international operator running just five trucks could potentially reclaim €40,000 (£36,051) to €50,000 (£45,064) a year in VAT.
Renton adds: "It's a lot of money, but the process of recovering it can be complicated."