VAT Management was founded in 2001. Following the Enron scandal - leading to further restrictions on the role of the auditors - it became apparent, that all audit firms, at the time, had to redraw from conducting business in the area of foreign VAT refund, based on no-cure no-pay terms. As a result, the top VAT refund experts from PricewaterhouseCoopers took their activities and clients and formed VAT Management. Hence, PricewaterhouseCoopers has since the beginning been a close business partner to VAT Management and the close relationship is also reflected in the logo of VAT Management. Due to the relationship with PricewaterhouseCoopers, VAT Management have right from the start had some of Scandinavians largest companies as clients and many of these are still being serviced by VAT Management today.