Way2VAT has signed a new deal with major enterprise client, Playmobil, for the use of Way2VAT's VAT/GST claim and return solution for its European operations. Way2VAT will originate its revenue through an initial one-year contract with Playmobil based on each successful VAT and GST reclaim transaction that it processes through its platform. Initially it will be used by about 2,600 employees out of Europe, with potential to expand to the global workforce of more than 5,600, which would make it a top-10 enterprise client in Europe.

The new partnership comes on top of recent agreements with Bang & Olufsen and Endeavor Group who will be using Way2VAT's platform to provide a solution that maximises operational efficiency and offers full compliance through Way2VAT's transparent reporting dashboard. It will also be used to detect cases of fraud and ensure high levels of security and compliance of user data.