|
VAT
What’s the issue?
VAT can represent a major cost
and compliance burden. It can also impact cash flow and a company’s
competitive position. Failure to manage the flow of VAT throughout
the business can lead to errors that can squeeze cash flow, lead
to under or overpayments and increase risk of penalties for non-compliance.
Effective management of VAT has become a boardroom priority, due
to the demands of increased competitiveness, pressures from the
board and regulators to deliver shareholder confidence, and the
steady erosion of geographic boundaries
Do you/are you:
- Regard VAT as a liability you can do little
or nothing about?
- Sufficiently informed about VAT developments
to avoid compliance issues in all your operating markets?
- Confident that your financial processes and
systems are supporting your VAT accounting and reporting requirements
appropriately?
- Have the skills and resources to take advantage
of the cash flow planning opportunities that VAT offers?
- Have a mechanism for assessing the VAT impact
of changes to your business model?
How can KPMG's VAT team help?
KPMG’s VAT practice comprises
over 200 professionals with a blend of strong VAT and commercial
skills which means that we can provide our clients with advice which
reflects preferred practice as well as the practical realties of
implementation. Our services are designed to help clients develop
and implement effective VAT management strategies which result in
a compliant and competitive business. We therefore, provide a range
of advisory, planning, risk management, and compliance services
which aims to cover:
- Compliance and controls assessment and remediation
planning
- VAT optimisation reviews
- VAT return management and outsourcing
- European VAT cash flow optimisation
- Supply chain optimisation
- VAT strategy
and best-practice workshops
Why KPMG?
KPMG’s VAT practice is organised
into industry teams for a strong focus on the specific market
issues and practices. We are able to provide VAT advice specifically
relevant to our clients’ business environment. We routinely
collaborate and share ideas across industry lines to bring progressive
thinking and concepts to our clients. We
draw on the local insights and experience of our global network
of member firms to deliver a focussed and consistent service
for clients who trade internationally.
We use technology to enhance our services and enable clients and
have developed a number of sophisticated tools designed to assist in
the management and aims at the optimisation of VAT.
For
further information about our services,
or if you would like one of our professionals
to contact you, please  . |
|
 |
|
|
|
Latest Indirect Tax Publications
Indirect Tax Update 18/08
This week's headlines are:
Commissi...
Indirect Tax Update 17/08
This week's headlines are:
New Schedule ...
Indirect Tax Update 1608
This week's headlines are:
Measures to c...
|
|
