CASE STUDY
A leading Irish engineering company won a contract in Switzerland which required it to register for VAT. The company approached Dryden to handle its VAT responsibilities in Switzerland. In an initial meeting Dryden staff discussed with the company the intricacies of Swiss VAT and the different VAT tax rates borne by Swiss products and services. Each quarter the company sent Dryden extracts from its Dublin held project accounting records along with copies of the projects sales and purchase invoices. Dryden completed the quarterly VAT return and submitted it to the Berne VAT office whilst advising the company how much it owed the tax office. When the contract ended Dryden completed the forms for VAT deregistration and the VAT office transferred into the engineering company’s bank account the monetary guarantee it had been holding since incorporation. During the mandate Dryden answered the engineering company’s queries regarding the VAT rates recorded on French language supplier invoices. When the company was raising individual invoices Dryden was also able to advise on the output rates that had to be levied on particular invoices when the client was in doubt.