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 is changing tremendously. What was once a simple return to file once a month has become complex.
- 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 their returns and tax information.
- Globally operating companies can have a difficult time implementing new requirements 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.
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