Business fraud represents real risks to everyone in business and costs business vast sums of money, as well as significant damage to brands where a business becomes a victim.
Within this is VAT fraud, currently recognised as one of the fastest growing areas of business fraud. With VAT rates likely to increase in the future, many organisations are taking steps now to protect themselves from the risk of this fraud.
Professional Passport has a unique system that carries out checks on limited companies that are VAT registered to fully authenticate their VAT status.
Professional Passport provide these checks for our members: contractor, agency, end client and provider. The unique validation certificate produced when an contractor successfully validates their VAT status can be simply authenticated by other members using the certificate authentication process.
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