Process of the 5-year
backdated VAT review
Agreement of a 5-year backdated review and to claim material savings if identified.
OFFSITE ANALYSIS Our data team works offsite and independently with no need for source documents.
The initial review is designed to identify the need to engage further. We will only require substantiating information and source documents once we have established the materiality of the engagment.
SLA & NDA
DATA COLLECTION
A report is compiled with areas of interest and savings. The savings are agreed on as valid and we are instructed to pursue the value.
Our team puts together the necessary rulings, substantiations, source documents and submissions for the savings to be realised. Savings are claimed and invoiced once actualised.
REPORT ON SAVINGS
VERIFICATION AND CLAIM
Financial statements, General ledgers, VAT reports and previous rulings, all in a standard format.
Our Process
Our assessment process is our suggestion to any company looking at reducing deficiencies and costs. The standard savings contract allows us to act on behalf of the company and liase with any tax department, supplier and customer. It is important to note that we endeavor to take on the entire process until payment or saving is realized.
Key Facts
Fees are on a contingency basis and we only invoice after successful savings.
First step after signing is a 5 year (GL) Gender Ledger Analysis.
If savings are identified, they are verified by EMS staff.
We perform a secure analysis, data remains secure and encrypted.
Confidentiality maintained throughout.