VAT compliance obligations across Europe are growing in complexity

The digitalisation of tax systems throughout Europe, means they are changing faster than ever before. As it spreads across the globe, as in the cases of Making Tax Digital for VAT (MTDfV) in the UK and Immediate Information System (SII) in Spain, businesses are scrambling to keep apace with SAF-T reporting, changes in penalty regime and real-time reporting. Taxback International is one of the companies stepping in to ease the burden.

This rapid growth and intricate changes are overextending VAT managers as they try to avoid penalties, worry about VAT thresholds, keep track of obligations and when VAT registrations are required. Even the smallest of mistakes can result in VAT compliance breaches which in turn come with substantial penalties and consequences. Taxback International reduces VAT stress, removes the risk to managers’ reputations and also ensures all obligations are correctly identified and met. Taxback International Chief Innovation Officer, Eamon Clune says:

“My areas of expertise are machine learning, artificial intelligence (AI) and Robotic Process Automation, so seeing this evolution and further progression into digitalisation is very exciting. I can’t think of anything more appealing than researching and exploring new technologies to use in tackling these new challenges.”

Taxback International combines innovative technology, deep industry expertise and value added partnerships to deliver comprehensive VAT solutions that maximise VAT reclaim and minimise risks, so you can focus on growing your business.

Taxback International is a member of The Taxback Group, a collection of global companies that deliver focus driven, digitalised solutions to simplify the complexity of global business.The entrepreneurial spirit which characterized its inception in Ireland has continued to shape the products and services which they create. Taxback International recognises that one size doesn’t fit all and strive to create bespoke services that exactly meet the needs of a diverse client base.VAT is complex.  Taxback International makes it simple.

Get in contact today to find out how they can help with effortless VAT Reclaim & Compliance.

Contact Information

Lydia Holt

copywriter

Pipar\TBWA

lydia@pipar-tbwa.is