Meridian is the worlds leading VAT recovery provider
With over two decades of experience and in excess of US $2.5 billion in VAT successfully recovered for our clients, Meridian is the worlds leading VAT recovery provider and partner of choice to multinational, blue chip companies worldwide.
Expert VAT consultancy and technical expertise – leading indirect tax consultants
Superior, online management information reporting
VAT processed by country, year & or type of expenditure.
VAT refunded by year
Legal document review summary
Proprietary VAT IT systems & state-of-the-art, custom built IT and processing facilities
Dedicated account management – global resources, with local access
Invoice re-styling – Meridian works with your suppliers to ensure corrective action is taken on invoices and VAT recovery maximised
Secure payments to trustee accounts
Frequently Asked Questions
Q1. What is VAT?
VAT, or Value Added Tax, is a consumption based tax assessed on the value added to goods and services. It applies more or less to all goods and services that are bought. It is a tax ultimately borne by the final customer.
It is charged as a percentage of the price, and is therefore visible.
The purpose of VAT is to generate tax revenue for the government. The tax, whilst paid by the buyer through the purchase price, is collected and paid over to the government by the seller, and is therefore known as an indirect tax.
Q2. Who pays VAT?
In general, if you purchase a taxable item or use a taxable service, you are liable to pay VAT to the seller or service provider on the purchase price of what has been bought. The seller or service provider is then obligated to pay the collected VAT to the government. If you are not the end customer, you may be able to recover the VAT paid.
Q3. How is VAT charged?
VAT is charged as a percentage of the purchase price. The rate charged will depend on the jurisdiction involved. The amount charged is usually visible on an invoice. Click here to see our Standard VAT Rate Chart
Q4. Explain VAT rates?
Each jurisdiction charges VAT at rates determined by its own government and therefore, these will differ from country to country. There is a standard rate of VAT, but there could also be reduced rates, which would apply to the supply of certain goods and services.
A zero-rate can also be applied by some jurisdictions to the supply of certain goods and services eg children’s footwear.
Q5. Who can recover VAT?
Generally speaking most registered businesses subject to VAT may recover VAT they have incurred in the nature of their business activities
Q6. Can foreign VAT on all different types of expenditures be recovered?
No only VAT paid on business-related expenses can be reclaimed. All private expenditure is not allowable. In addition, some business expenditure may not be eligible for a VAT refund.
Q7. Are all invoices with VAT recoverable?
No the invoices must be valid VAT invoices and must generally show a number of items including:
· A unique invoice number which follows on from the number of the previous invoice
· Seller's name and address
· Seller's VAT registration number
· Invoice date
· The tax point
· Customer's name or trading name and address
·A description of the goods or services
Q8. Are the VAT rules the same in all countries?
No the amount of VAT that you pay and therefore its recovery varies from product to product and from country to country
Q9. How will my VAT be repaid to me?
Meridian will refund the recovered VAT direct to you less our fees
Click here to recover your VAT
Should you wish to discuss VATrecovery service please contact: