Pharmaceuticals

The pharmaceuticals client develops, manufactures and markets health care products and surgical equipment in more than 180 countries, with offices in 75 countries. The business undertakes extensive research and development as well as manufacturing and distribution. Its European headquarters are in Switzerland, where it also has a shared service centre.

Accordance has provided a wide range of services, including registration of a number of entities throughout Europe, and completes VAT Returns on behalf of the Group.

Accordance has extensive technical knowledge of VAT requirements in the EU with staff fluent in the major European languages, creating a central capability to deal with all VAT issues.

Reviews undertaken by Accordance at several of the client’s European entities uncovered neglected recoverable VAT (on management charges) in excess of £1M.

Accordance has assisted the client in recuperating these costs through a comprehensive Cross-Border VAT Management programme.

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