How LEGO Put the Pieces Together to Simplify Sales Tax
LEGO Group is a global toy manufacturer operating in over 140 countries with more than 17,000 employees. As you'll learn from Indirect Tax Manager Heather Villanueva, there are a many reasons why LEGO chose Vertex to handle indirect tax. In this video, Heather points out two of the key reasons.
E-Commerce Capabilities: Calculating sales tax correctly on every transaction is a top priority for LEGO, who aims at making every customer happy. It is critical that online shoppers get a frustration-free experience where sales tax is calculated correctly up-front.
Sales Tax Holidays: With Vertex, LEGO has an automated way of handling sales tax holidays throughout the year. Managing these sales tax holidays through the year was a headache until LEGO connected to Vertex to automate tax calculations automatically and consistently.
Benefits Achieved
The Tax Operations team has more time for more strategic projects
Sales tax is calculated automatically and accurately on every online transaction
The European Union’s “VAT in the Digital Age” (ViDA) initiative is set to reshape the VAT compliance system across member states. At the core of this initiative is the transition to mandatory B2B electronic invoicing, alongside real-time reporting requirements.
For businesses, these changes bring both challenges and opportunities, requiring organizations to adapt their systems, processes, and strategies to remain compliant while also unlocking new efficiencies in their operations.
Get practical guidance on stabilising your France e-invoicing setup, preparing for future e-reporting and e-invoicing mandates.
Since France’s e-invoicing mandate was implemented, the focus for finance and IT teams has shifted from meeting the deadline to resolving operational issues and strengthening processes.
Join Gonçalo Ladeira Dias and Patricia Rocha Jordan for a 45-minute interactive clinic in which they’ll share lessons from the first live implementations, discuss common pitfalls and answer your questions about e-invoicing and e-reporting in France.
Chris Hall discusses how costly weather disasters can shape state and local tax decisions.
It's Time to Automate Transaction Tax
Every day, companies are transitioning from traditional, manual upkeep of sales tax to automation. Let us keep you compliant and free your organization from the burden of tax.