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VATupdate Newsletter Week 7 2022

The Olympics have come and gone. Not a bad result for the Netherlands, so we should be happy. It’s surprising that some of the people are not happy if they don’t have a gold medal. Whereas all the contestants are super people! Bill Murray once said: “Every Olympic event should have an average person competing for reference.”

No, I’m not going to compare VAT people to Olympic sporters. Or argue that VAT should be an Olympic sport. The Olympic thought is (or should be): it not about winning, it’s about participating. And if anything, that is what VAT is about as well.

Because, whether you like it or not, VAT is for everyone. Perhaps not everyone likes it that much as we do.

We stick with the Olympics for a moment. Did you know that the previous winter Olympics in South Korea in 2018 were hacked? The hack started during the opening ceremony, and it took the IT people 12 hours to find a solution. Amazingly, it worked. The day’s skating and ski jumping events went off with little more than a few Wi-Fi hiccups.

The full story can be read HERE.

This example shows that technology can be wonderful, and a great tool, but it can also make you vulnerable. Without technology, your business would not be able to run smoothly. But it’s also almost impossible to run a business without technology. How would you issue your invoices, communicate with clients and colleagues, and ensure that your VAT is calculated correctly and reported on time?

At least you should not have to worry about VAT knowledge. We make sure that you receive that every day via VATupdate.com. Make sure you visit us every day!

If you have any comments, questions, or ideas that you want to share with us, please send us an email at [email protected] or leave a comment under the posts of this newsletter on LinkedIn.


 

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