VAT training & support

“The hardest thing in the world to understand” Albert Einstein once said “is the income tax”. We wonder, then, what he would have made of VAT? It can be immensely complicated and difficult to understand And, with more and more companies operating globally, dealing effectively with various VAT platforms—often in countries with widely divergent rates, rulings, and applications—requires a depth and level of knowledge that is hard to come by. However, as any experienced tax professional will quickly tell you, a less-than-committed approach to VAT compliance can result in all manner of regulatory repercussions, some of them most unpleasant. The question is: do you have the internal resources and in-house knowledge to effectively, and efficiently, manage all your VAT-related tasks? For instance, can your people instantly provide answers to questions about reverse charge procedures or how to deal with retail exports so that your company can lower its output tax bills? Can they explain the mechanics of credit notes, self-billing, or Proforma invoices? Are they familiar with the intricacies of triangulation or the simplification procedure? If you’re not sure, then we strongly suggest you bring in outside counsel to help you train and support your VAT staff.

If this is your situation:

• You want to ensure that your VAT staff have the know-how to correctly reclaim VAT charged to your company in a number of other EU countries.
• You need to train your staff in the creation of VAT-management blueprints which clearly define the core VAT/GST business model, encapsulate best practices, and develop a dependable methodology for dealing with all VAT-related issues.
• Your staff has a fairly workable VAT-management system in place, but they need help defining and monitoring key performance VAT indicators for compliance, cost reduction, cash flow and working capital improvement.
• You are running a growing, and successful, import/export company, but you don’t have the internal resources to efficiently manage all the rapidly-expanding VAT-related work now facing your firm.
• You would like to create an on-going training program that coaches your staff in VAT developments in such areas as zero rated supplies, default interest, acquisition VAT, issues associated with freight transport, zero rated EC sales, and acquisition VAT.
• You need to temporarily enlarge your VAT compliance staff—without incurring HR expenses—so you can help your regular employees finish crucial endeavours.
• You are a seasonal business and you need highly-trained, experienced specialists to handle the upsurge in VAT-related issues that you face.
• You have had bad experiences with temporary staffing agencies and are looking for a reliable, trustworthy partner to manage your VAT-management needs.