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Comply with wireless VAT rules with new MDSL module

New VAT module reinforces MDSL’s position at the forefront of wireless cost management

London – New York - Tokyo – September 3, 2005 – Customs have announced a crackdown on companies wrongly reclaiming VAT on personal usage of company mobiles phones. Normally, VAT cannot be reclaimed on personal calls made by staff on company mobiles.

Any business failing to demonstrate measures to separately account for business and personal calls, will be viewed by Customs as being in breach of the VAT rules governing apportionment and accounting for output VAT. Businesses with no clear accounting procedures, policy enforcement, and ongoing monitoring processes in place to govern personal usage, can expect to be targeted by Customs, who will look to issue assessments with interest and possible penalties going back three years.

MDSL, the leader of OnDemand Expense management, have recently launched a new web tool as part of its Telecom Expense Management (TEM) solution which will help organization to track personal and business calls for their wireless fleet.

MDSL’s TEM solution maximizes the ROI of your mobile workforce by optimizing utilization of wireless services and hardware and providing an end-to-end view of all mobile personnel, devices, service providers, and usage patterns.

With its new “Wireless VAT compliance" module, MDSL goes a bit further TEM automatically calculates the VAT credit by apportioning business and personal calls for each bill. This is possible by providing a web interface where each user can categorise outbound numbers as personal or business.

TEM stores the numbers and categories for each user. This makes subsequent updates faster and allows TEM to automatically calculate the VAT amount to credit for each bill.

The new module will have three main benefits:

• Saving cost – by automatically calculating VAT credit
• Saving time – by providing an easy web interface where staff will categorize call types
• Being compliant – by giving precise and details reports to customs for VAT credit