Taxback International tackles the growing complexity of VAT compliance obligations across Europe
European companies are in need of support in handling the twists and turns of accelerated digitalisation in regard to VAT compliance.
KILLKENNY, Ireland, Dec. 30, 2019 /PRNewswire-PRWeb/ -- Catherin Quirke, Chief Commercial Officer for Taxback International, shared on The CEO Views the myriad of ways the company's 23 years of experience give them the insight needed to deal with the ever changing and complex landscape of VAT compliance. One of the newest changes is the widespread digitalisation of tax systems which means they are changing faster than ever before.
Making Tax Digital for VAT (MTDfV) in the UK and Immediate Information System (SII) in Spain are examples of fully digitised systems and as digitalisation becomes even more common, businesses may be left racing to keep up with EU SAF-T reporting, changes in penalty regime and real-time reporting. Taxback International is one of the companies stepping in to ease the burden.
The pace and intricacies of these changes are putting a heavy load on VAT managers as they work to avoid penalties, worry about VAT thresholds, keep track of obligations and when/where VAT registrations are required. When even the smallest of mistakes can result in VAT compliance breaches which can lead to substantial penalties and consequences, Taxback International's mission is to reduce VAT stress, remove the risk to managers' reputations and also ensure all obligations are correctly identified and met. Taxback International Chief Innovation Officer, Eamon Clune says:
"My areas of expertise are machine learning, artificial intelligence (AI) and Robotic Process Automation, so seeing this evolution and further progression into digitalisation is very exciting. I can't think of anything more appealing than researching and exploring new technologies to use in tackling these new challenges."
Taxback International combines innovative technology, deep industry expertise and value added partnerships to deliver comprehensive VAT solutions that maximise VAT reclaim and minimise risks, so you can focus on growing your business.
Taxback International is a member of The Taxback Group, a collection of global companies that deliver focus driven, digitalised solutions to simplify the complexity of global business.
The entrepreneurial spirit which characterized its inception in Ireland has continued to shape the products and services which they create. Taxback International recognises that one size doesn't fit all and strive to create bespoke services that exactly meet the needs of a diverse client base.
VAT is complex. Taxback International makes it simple.
Get in contact today to find out how they can help with effortless VAT Reclaim & Compliance.
SOURCE Taxback International
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