by on August 7, 2024 with No Comments

The complexity of VAT requires specialist expertise

Are you responsible for managing your company's tax affairs, including VAT?

As part of this complex task, it is common practice to call on local VAT experts to deal with the various VAT issues in each country: VAT identification, management of local VAT returns, litigation, etc.

This approach is commonly adopted as a matter of routine and in response to the need to find VAT solutions as new countries are added, which may seem logical at first glance.

A rapidly inefficient method

However, working with a large number of suppliers can be counter-productive in the long term:

  • Each local supplier has a specific way of working, which can sometimes require you to adjust, although we'd prefer the opposite.
  • In each new country, it is imperative to reintroduce your company and the project to a different supplier.
  • There is a significant disparity in terms of skills and pricing between service providers.
  • A high volume of unrewarding interactions can overwhelm your email inbox.
  • Local service providers often lack a comprehensive understanding of your business and lack the necessary track record.
  • Reactivity generally leaves much to be desired: although service providers get the job done, they don't proactively contribute to innovation or process improvement.

Our "Single Point of Contact" solution

Is there another solution? There certainly is. Our company has developed a strategy called " Single Point of Contact", designed to improve the performance of your tax team.

This approach is based on three key principles:

  • A standardised working process: We have established a single working method, recognised for its simplicity and efficiency.
  • Consistent quality across Europe.
  • An experienced VAT expert: with two decades of expertise, our clients appreciate the benefit of having an adviser who knows their company's history and is a reliable resource for them. We value personal relationships and aim to become your VAT expert of choice, playing a key role in developing your company's tax department.

 

The VAT expert's eye

In-depth knowledge of VAT is crucial, as it has an immediate impact on the profitability of international operations. So the role of your tax team is crucial in ensuring that business activities run smoothly and to the required standards.

Instead of working with several local suppliers and compromising efficiency, it would be wise to unify VAT management in Europe with a single partner competent in all the territories concerned. This would harmonise your procedures, reduce costs, enhance compliance and provide a clear understanding of your tax responsibilities, optimising your company's international tax management.

Interested in our "Single Point of Contact" solution?

We offer a free video conference to assess your situation and provide you with a tailor-made solution.