06 November 2024

Nearly all countries outside the United States impose a Value Added Tax (VAT), also called Goods and Services Tax (GST) or Consumption Tax (CT). A physical presence in a VAT jurisdiction is generally not required to be liable for VAT. As such, for U.S. companies with international activities, understanding the basics of VAT is critical to minimize exposures and identify potential refund opportunities. A time-limited opportunity exists for certain U.S. businesses to obtain a VAT refund from the United Kingdom (UK).

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