Understanding VAT rules, so complex in nature, is not easy for businesses. The unique structure of the EU VAT system, such as the treatment of cross-border transactions, plus the continuous evolvement and modernisation of the VAT rules, makes this task even more demanding. The globalisation of business, the proliferation of certain products, such as gaming, and the near total adoption of digitalised processes has further increased the absolute need for businesses to ensure that from a VAT perspective they are always on the right track. Whilst in principle VAT should be neutral for businesses, yet certain slips, intended or not, could be very costly and are best avoided. It is for this reason that a regular VAT health check is highly recommended for businesses.
Source Zampa Debattista
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