FAQ

I DO MY OWN RETURNS OR MY WIFE DOES THE VAT RETURNS
  • The VAT return is based on a VAT report from your accounting system, which is a summary of all Vatable transactions.
  • Have you analysed each source document and line by line entry in your cashbook, petty cash, debtors ledger, creditors ledger and all journal entries ?

WE HAVE OUR OWN INTERNAL AND/OR EXTERNAL AUDITORS
  • Audit procedure requires a confirmation of 5 or more Tax Invoices to be verified, depending on audit size.
  • Auditors use Case-ware software, which does not have the functionality to review VAT line by line.

WE DON’T HAVE THE TIME TO ASSIST ITS
  • We do 95% of the review off site and only need your staff to guide us in retrieval of the source documents.
  • Once we know where to look will we continue the process on our own.

THIS WILL EXPOSE MYSELF OR MY STAFF (common question asked by Financial Managers, Accountants or Bookkeepers)
  • It is impossible to verify each and every source document or transaction.
  • You depend on your staff, who doesn’t always have the knowledge.
  • You prepare your VAT submission from a report, which will not identify single entries and because of their value, will not stand out.

WHAT ABOUT THE CONFIDENTIALITY OF OUR DATA
  • ITS signs a confidentiality agreement with our client, before any review takes place.
  • We will be willing to sign your own NDA, should you require.

WHY DO THE WORK ON A NO CLAIM NO PAYMENT BASIS OR ARE THERE ANY HIDDEN COST ?
  • We are confident that we will recover unclaimed VAT.
  • We have a 100% success rate to date.
  • We will only charge on VAT recovered and nothing else.