Europcar and Taxeo Team Up To Speed VAT Recovery
Whether renting a car or booking a hotel, business travel in Europe incurs VAT costs. European car rental provider Europcar and Taxeo, a provider of paperless VAT refund services, have entered into a partnership which allows their mutual clients to reclaim VAT more quickly and easily according to local laws. Taxeo receives electronic invoice data from Europcar and creates tax-compliant electronic invoices that are used for VAT recovery. The result will give Europcar Corporate customers an opportunity for significant savings. Every year companies lose out on 5 billion VAT incurred on international travel. The Taxeo solution is designed to streamline today’s manual paper-based VAT recovery process. For details visit taxeo.com.