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VATupdate Newsletter Week 45 2021

What are the things that you remember best? Probably, these are things that relate to change. It can be as simple as a change in the weather, or something that has (had) a big impact on your life or work such as an illness or an accident. It’s understandable that you remember things because of these changes.

VAT policy makers don’t like changes. They prefer everything staying the same as it is, because that way they can ensure that the rules can always be applied the same. But we all know that a world without change is not going to happen. Look at technology and how much that has changed the world in the past 100 years.

It’s understandable that tax policy makers and tax authorities have a hard time keeping up with all the changes. Their simple solution for that: let’s have all the businesses take care of the compliance, so that the tax inspector only has to sit back and hold up his hand. And tell the business where he’s doing something wrong.

That always seems unfair: businesses having to run hard to comply with all the rules, and effectively acting as unpaid tax collector. Only risk and no benefits… Or not?

We can think of a few advantages for businesses (although we had to think very hard). VAT is due on every transaction, and thus has an effect on many processes in the business. This can help the business to ensure that all the processes are documented and set-up completely and correctly. In practice, the VAT process is often linked to the existing business processes, but the other way around, the VAT process can be valuable for completing the business processes.

We told you we had to think very hard…

If you have any (better) thoughts, please share them with us. Either send us an email at [email protected] or leave a comment under the posts of this newsletter on LinkedIn.

Have a great week!


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