VAT Club provides you with regular updates on current hot topics in the world of VAT and other indirect taxes, from Grant Thornton's specialist team. We focus on practical and commercial indirect tax issues, with content regularly driven by feedback from our clients.
The final countdown: 8 'must-dos' for the 2015 VAT changes
With only a month to go until the VAT 'place of supply' changes come into effect and with HMRCs MOSS scheme now open, businesses need to ensure that they are fully prepared.
The changes will affect organisations which supply telecommunications, broadcasting and electronic services to customers in EU member states. As of 1 Jan 2015 , businesses will be required to account for VAT on supplies to final consumers (so called B2C supplies) in the country where the customer is located at the time of supply.
Read our article: An overview of the key areas that you need to consider before the 1 January 2015
How automation can enhance your indirect tax systems
The global indirect tax environment is highly complex and businesses with global or multi-jurisdictional operations are subject to multiple international supply chains requiring different VAT registrations and controls. Existing Enterprise Resource Planning (ERP) systems often have limited functionality in relation to VAT reporting which can generate numerous pressure points for the accounts team. Finding the right solution for your organisation is important and while there may be no 'one-size-fits-all' solution, there are a number of options available and understanding your options is key.
Watch our presentation: A look at the value of automation within VAT processes and solutions that could help simplify your indirect tax processes.
Back to Basics
What holding companies should be looking out for in light of new VAT guidelines
Charities can benefit from VAT reliefs for research equipment- but need to avoid the pitfalls
Tenant lease incentives: Are you paying the right VAT?