VATupdate

ERP to VAT Return: why data and tax codes are key to VAT compliance

Without the correct data and tax codes, a successful VAT return is impossible. Period. But so many companies across the globe are getting this wrong. Succesful VAT compliance comes down to data. And not just any data; digital data. To be compliant, your business can no longer rely on paper ledgers or manual bookkeeping. VAT authorities are demanding a granular level of digital detail with every VAT return. And it can only be done when your data is correct upfront.

Source: vatglobal.com

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