Missing out
22/08/2008
Businesses across Britain are potentially missing out on the chance to claim VAT rebates ranging from tens of thousands to several million pounds, according to KPMG in the UK.
With the deadline for submission being the end of March next year and claims typically taking several months to compile and agree, companies risk running out of time to apply for refunds, KPMG warned.
The opportunity for refunds relates to VAT either mistakenly overpaid or rebates that were under-claimed between 1973 and 1997.
However, many businesses are unaware of the opportunity to claim rebates over this 24 year period.
