UK retailers lose millions of pounds each year
A recent research revealed that UK retailers lose millions of pounds each year because they fail to reclaim VAT and duties on returned goods.
“Some of the retailers that we’ve spoken to have actually been astonished to learn that they can reclaim VAT and duties on returned goods. Others know that it’s possible but don’t realise exactly how it can be done. There is also a third category of retailers who just don’t try to reclaim VAT because of the paperwork involved. “
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Florian Seikel
Managing Director
Tel. +49 162-2561001