The Jaguar Land Rover (JLR) tax team were looking for a solution to improve the speed with which cash was returned back into the business. They had full visibility of their VAT reclaim exposure, but money wasn’t being recovered quickly enough to satisfy senior stakeholders.
With an already busy workload, the tax team were keen that the solution would not require much additional effort from them in managing the VAT recovery process. Having worked with VAT recovery specialists Quipsound for over 10 years, they turned to them for help.
Download this Infographic to find out how JLR:
- Saw a 37% improvement in cashflow
- Reduced outstanding receivables by over 50% from £77m to £38m
- Gained enhanced visibility and management of risk
- Improved ‘right first time’ supplier documentation by nearly a third
All without additional work or detrimental impact on the tax team.
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