UK: Pink Claws Back £40,000 From The Taxman
The use of business intelligence tool Cognos has enabled UK shirtmaker Thomas Pink to claw back around £40,000 of revenue which was being lost to the taxman in VAT. Previous to installation, Thomas Pink paid VAT on shirts sold from its airport shops, as the company could not prove that customers buying their goods were leaving the Eurozone. The use of Cognos allows Pink to check customers paying duty free prices, thus enabling the company to claim the tax rebates they are entitled to.
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