EU VAT Compliance

Aleksandra Bal outlines the latest VAT changes and compliance obligations.

Video Overview

In this World Finance video, Aleksandra Bal looks at the magnitude of change in VAT and what it means for the EU.

  • The format, speed, and type of information delivered to the tax administration are changing tremendously. Gone are the days of a simple monthly return.
  • Countries across Europe are seeing a trend towards digital reporting, including the UK's Making Tax Digital initiative, which seeks to keep organizations' records digital, including returns and tax information.
  • Globally operating companies sometimes have a difficult time implementing new European regulations as they are published in local languages. 

Having your tax system built from various local pieces is like driving a car, which Aleksandra explains further in her blog post here.

World Finance + Vertex

In March 2019, tax professionals, solution experts, and our very own customers met in Munich for Vertex Exchange Europe. World Finance interviewed half a dozen delegates for an update on Europe’s tax compliance challenges and technological advancements.