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 the aspect of 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 devised a system that allows contractors working through their own limited company, and where that company is VAT registered, to fully authenticate their VAT status.
This authentication can be relied upon by both agencies and end clients and provides total reassurance that they are dealing with a professional contractor operating appropriately.
VAT authentication is free to professional members and is accessed through Your folder.
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