VATAmerica, LP is formed as a limited partnership in New Jersey and raises initial capital to begin operations in 1994. Our first client, one of the US-based “Big 8” accounting firms, is still an active client today. By 1998 VATAmerica would serve the US operations of 4 of what had become the “Big 6” accounting firms, along with the largest as well as the most profitable-per-partner law firms and several other business clients.
VATAmerica and Universal Weather & Aviation (Houston) agree to develop the world’s first European VAT recovery program for general aviation operators. VATAmerica’s program evolved to partner with several aviation industry fuel and trip support services providers.
VATAmerica engages German counsel to develop the technical legal background for recovery of the high German excise taxes (MOT) applied to jet fuel for aircraft management companies and corporate flight departments.
A new subsidiary, CB VATAmerica, LLC, is formed to coordinate VAT refund claims submissions through the United Cash Back AG (UCB) network of European VAT firms. During this time, UCB creates an OCR functionality to improve claims processing and efficiency. This powerful tool will then be acquired by an international accounting and consulting firm. The UCB network will eventually be acquired by a private equity firm in 2014.
Following the introduction in 2009 of excise tax on jet fuel supplied in France, VATAmerica engages the French Customs practice of an international accounting firm to assist in developing procedures with French Customs for refunding this “TIC” and the granting of special TIC exemption certificates to certain corporate operators.
Seeking more sophisticated IT and a larger company structure to support its increased client base, VATAmerica engages Taxback International (TBI), Kilkenny, Ireland, to assume VAT refund submission responsibility. TBI’s VAT submissions team in Varna, Bulgaria now numbers about 120. TBI is the “preferred” supplier of VAT recovery services to large-scale and SME customers of the Concur™ expense management firm.