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
