VAT remittance is a part of VAT compliance that is often left out from the chain of compliance services as businesses shift their focus originally on their VAT registration and in turn towards the preparation of their VAT return for submission to the Tax Authorities.
This understandably happens as paying for VAT returns in your own country or within the EU can often be a matter of several clicks from your online bank account. In light of the rise of the new online economy international trade has made VAT compliance necessary for sellers in many different jurisdictions worldwide and paying VAT returns in multiple countries can become a complex and time-consuming process.
Source: GVC
