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Covid-19 – Managing VAT in the Post-Crisis Period

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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