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Just as each clinical trial protocol is unique unto itself, VAT and related tax assessments against invoices and payments of each clinical trial project are also exclusive to that individual project.
Important facts including the specific countries where the clinical trial services will be performed, where will the patients be recruited, the tax registration status of the CRO and the clinical site(s), the categories and accounting classifications of the expenses...these and other key operational metrics will determine the best and most effective tax models and structures Clinical VAT Recovery Services will recommend be established by the clinical trial sponsor.
The attached PDF Case Study document reflects the clinical trial budget for a Phase II trial conducted across multiple sites and multiple countries. Analysis of this pre-launch budget worksheet shows over US$ 1.0 million as being the potential total of VAT and other tax related assessments...taxes that the sponsor can legally avoid, minimize or recover.
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