If your business is involved in cross-border trade, you probably know that managing all the different rules and regulations around value-added tax (VAT) can be more than a full-time job. Whether selling to businesses or consumers, the burden is yours to make sure you’re properly collecting and remitting VAT in the appropriate countries. VAT is generally revenue-neutral but failure to comply could significantly impact your bottom line.
Our team has extensive experience helping companies manage their VAT responsibilities, creating plans to optimize their tax strategies and minimize exposure across business units. Whether you’re looking for help training your in-house tax team or you’re looking to outsource your VAT management completely, we can create a custom plan for your business that maintains compliance – and could help you increase your overall profits.
When it comes to VAT compliance, understanding when you are required to register is only the first step. Once you’re registered, you also are required to submit your VAT returns and other compliance-related documents. We can help you both prepare and submit your returns, while checking them for VAT compliance. We can also assist with audit defense, conflict prevention, and resolution.
Whether you’re expanding into a new market, developing a new product, or just managing the complexities of a global business, you know the value of a nimble supply chain. While any changes in your business can present risk to your VAT strategy, proper management can help you manage cash flow.
We use our global footprint and in-depth VAT knowledge to help you identify those risks, and we and provide recommendations on the best way to optimize your strategies while staying compliant.
If you’re looking for specific training for your in-house tax and compliance staff, we also can tailor a plan to your needs, opportunities, and challenges.
As governments across the globe struggle with declining revenues, VAT disputes are on the rise. Our team combines global knowledge with deep VAT expertise to help represent you in a variety of VAT disputes. Additionally, we have access to resources worldwide as a member of the Crowe Global network, which has more than 750 offices in 130 countries.