Case Studies

Mergers

ITSL has provided a large financial organisation with key support and resource over an 18 month period in managing the VAT affairs during a period of intense integration activity until they could VAT appoint a head of VAT.

Refund error

A large trader made an overpayment to a supplier and upon obtaining a refund, incorrectly processed the repayment, resulting in paying HMRC about £70,000 too much VAT. ITSL prepared the VAT repayment disclosure request for HMRC, which went through without question.

Staff coverage

A major insurer appointed ITSL to provide coverage for the Head of Indirect Tax whilst on maternity leave. Terms of the cover included supervision of existing junior staff and submission of VAT returns. As a result of improvements to the company’s partial exemption special method, identified by ITSL, which were accepted by HMRC, the additional VAT recovery achieved exceeded the cost of the engagement.

AP data examination

A national charity asked ITSL to investigate amounts of VAT it had paid to suppliers. Despite the charity not having separately recorded the VAT on payments it had made, by using its in-house sophisticated data extraction techniques, ITSL identified over £175,000k of recoverable VAT and dealt with the relevant suppliers to obtain repayment.