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Frequently Asked Questions
What Can VATAmerica Help You Learn More About?
Welcome to our FAQ page, where we provide high-level answers to some of the most frequent questions we receive about our company and our services in VAT and excise taxes for aviation entities operating throughout Europe.
If you can't find the information you need, please don't hesitate to contact us.
About Our Company
VATAmerica specializes in excise and VAT tax services for aviation companies operating across Europe. Our services include:
- Excise tax consulting.
- VAT recovery
- Compliance management
- Tailored tax solutions for the aviation industry
We offer comprehensive excise tax consulting, including assessment, compliance and strategic planning to minimize excise tax liabilities and costs for aviation companies and entities operating throughout Europe.
Absolutely. Our team excels in managing tax compliance across various European jurisdictions, reducing costs while ensuring our clients meet all regional tax obligations effectively.
More than 30 years. We've been offering excise and VAT tax services since 1994, partnering initially with a major U.S. accounting firm and expanding to several notable firms by 1998. In 1996, we partnered with Universal Weather & Aviation (Houston) to develop the world's first European VAT recovery program for aviation operators, eventually partnering with various aviation fuel and support service providers.
Client Support and Consultation
We begin with a thorough assessment of each client's specific needs and operations. Based on this, we tailor our tax services to align with their unique business model and the specific tax requirements of the countries they operate in.
Clients can expect comprehensive support, including regular updates on tax law changes, detailed reporting with the newest technology, and direct access to our team of tax experts for any queries or guidance.
Yes, all consultations and client interactions are always strictly confidential. We adhere to the highest standards of privacy and confidentiality in all our services.
Technical Aspects of Excise Tax and VAT Recovery
Excise taxes in aviation are specific taxes imposed on certain goods, like fuel and activities such as air travel. VAT (Value-Added Tax) is a general consumption tax applied to the value added to goods and services, including aviation-related services. They differ in their calculation base, application and the goods or services they apply to. VATAmerica caters to reducing the costs of both for aviation companies.
We employ a comprehensive approach that includes:
- Staying up to date with the latest EU VAT directives
- Analyzing client-specific operations within the EU
- Implementing robust compliance strategies to adhere to the varying VAT regulations across different EU member states
Yes, we help with VAT registration in various European countries, alongside handling periodic VAT reporting requirements. This includes:
- Preparing and submitting VAT returns
- Intrastat declarations
- EC Sales Lists as required by each country’s regulations
Our VAT recovery process involves identifying eligible VAT expenses, preparing and submitting refund claims, and liaising with European tax authorities. We focus on maximizing VAT recovery while ensuring compliance with the specific rules of each European country.
We analyze each client's operational structure and fuel usage to devise strategies that can legally minimize excise tax liabilities. This may include utilizing tax exemptions, credits and refunds available under specific excise tax laws in European countries.
Our team continuously monitors developments in European aviation tax laws, including VAT and excise taxes, through a network of local tax experts and legal advisors in Europe, along with subscriptions to tax law updates and participation in industry seminars and workshops.
Non-EU aviation companies face unique challenges such as understanding the diverse VAT systems, fulfilling local compliance requirements and effectively reclaiming VAT. We assist these companies by providing expertise on EU tax laws and facilitating the VAT recovery process.
We offer representation and support during tax audits, negotiating with tax authorities, and resolving disputes. Our services include audit preparation, documentation review and assistance in appeals or litigation related to VAT and excise tax assessments.