Recommendation:
- Ensure that VAT is at the table when business continuity plans are being reworked.
- Ensure that professionals looking after VAT proactively and the relevant stakeholders (sales, finance, IT, procurement, etc.) liaise with each other on a frequent basis, which will help running supply chains efficiently from a VAT point of view.
- Raise internal awareness of restrictions around technology.
- Connect with “experienced” businesses and their advisers to learn from best practices and pitfalls
Source Bloombergtax
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