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VATupdate Newsletter Week 15 2024

Flying

If you’re working for an international company, you may have to travel abroad. Especially if you’re the only VAT person in a company, large or small, there are situations that you just have to look at more closely, so that you understand what’s going on.

You have to understand the activities, the processes, the systems, and, very important, the people. In a company, VAT decisions are usually made by non-VAT specialists. It’s therefore important that they know the person who does know something about it.

Creating awareness of VAT is probably one of the key elements of our work. You know that people will get annoyed when you want to change processes or systems, and you thus need to not only know the VAT rules, but also have people skills to persuade your colleagues to make the correct VAT decisions.

The tax authorities do not always understand this. They often believe that a business just prints invoices, and these reflect what has been done. And if they are wrong, they just raise an assessment, so that the ‘bad company’ will stop doing it wrong. It’s like parents chiding their kids and sending them to bed without dinner.

Which brings us back to traveling. Did you ever miss your flight because it was overbooked? I recently heard a story about a flight, where they forgot to bring enough food on board. There were 400 passengers but only 200 meals. It was only discovered after take-off, when the flight attendants started going through their preparations for the meals. Their solution? They announced that they had not enough meals on board, and they offered unlimited free liquor for the duration of the flight to anyone who was kind enough to give up their meal to someone else.

It didn’t work out as they expected: In the next announcement six hours later, they said: “Ladies and gentlemen, if anyone wants to change their mind, we still have 180 dinners available.”

Two important things to remember: always ask for a VAT receipt when you’re traveling, and rely on VATupdate.com for creating awareness on VAT. We are always there for you!

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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