Comprehensive data checks, automated sector recovery and cost allocation eliminate PE spreadsheet errors. Digital links and audit trail visibility allow you to demonstrate compliance of your PE.
Recovery percentages calculated from source data and the flexibility to implement more complicated PE methods enable you to maximise recovery rates.
Detailed analytics allow you to identify trends, compare historic & future liabilities as well as provide the justification needed to request PE methodology changes from HMRC.
Due to its inherent complexity, methods are kept relatively simple and practical, with widespread use of ‘guestimates’. All too often this results in VAT recovery not being maximised.
AlphaVAT contains unique functionality to fully digitise this convoluted process, helping to pinpoint exactly what VAT you can recover.
Increase efficiency by automating direct and indirect cost allocation
Save significant time and effort on ‘trueing up’ by re-using data already in AlphaVAT
Easily evidence how you’re operating your partial exemption to HMRC