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VATupdate Newsletter Week 5 2024

Driving

How frequently do you find yourself implementing an ERP system? For most of us, it’s a once or twice occurrence in our VAT careers. Yet, even with limited experiences, there are certain tricks and essential aspects that stick with you. It’s akin to learning how to ride a bike or drive a car – once you’ve grasped the fundamentals, they stay with you.

Starting out with driving lessons, you’re unfamiliar with how to utilize the throttle, brakes, and shifting gears. As you sit behind the wheel, trying to comprehend the workings of a car, the surrounding traffic zooms past, leading you perilously close to hitting a pole or navigating a roundabout incorrectly.

Similarly, being part of an implementation team tackling VAT rules can feel overwhelming. While you may understand how to steer, based on the VAT rules you’ve always adhered to, there’s still a learning curve in terms of shifting gears, turning on headlights, and remembering to check the rearview mirror.

In such moments, you might question whether you should relinquish control of the car. You can play the role of navigator, pointing out the route and destination. This approach could be the ideal solution to reaching your goals safely. Meanwhile, as you journey along, you can observe how the driver, mechanic, and gas station attend to the car’s needs. This allows you to gauge the appropriate speed for taking corners, check the oil level when warning lights flash, and refuel when the gas meter nears empty.

Driving a VAT project can indeed be risky, but it can also be enjoyable. Just ensure you reach your destination, preferably in one piece.

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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