In our experience, the key factors for companies not claiming all legitimate input VAT are both internally and externally based:
- Accounting system and/or process changes
- High staff-turnovers
- Limited resources
- High volume of transactions
- Inaccurate data capturing
- Dealing with numerous creditors
- Miscommunication between purchasing departments
- Constant changes of VAT laws
- Uncertainty over what constitutes a valid claimable VAT transaction