VAT authorities also modernised how they carry out audits and enhanced cross-border cooperation. The compliance function becomes critical. Wrong reporting can immediately trigger negative consequences in terms of cash flow, penalties (for both companies and individuals) or reputation.
We’ve developed technology enabled solutions to strengthen your compliance capabilities combining industry specifics, operational efficiency, risk detection and optimisation opportunities.
We make sure that:
We manage proactively your VAT position and related risks through:
We have technology-enabled solutions to manage your VAT situation:
Let us protect your VAT position!
Dealing with VAT audits requires technical skills and experience. To protect your VAT position, we help you with:
Penalties are coming!
The VAT law requires taxpayers to produce a structured electronic audit file (called FAIA) upon request. Authorities are intensifying their request for FAIA files. Non compliance with FAIA regulations will soon lead to penalties.
To help you prepare, we:
Our VAT data analytics solution provides you with:
First set of standard data analytics available:
High-end data analytics available on demand:
At PwC, we want you to take advantage of technology combined with our best in class VAT knowledge, to make your life better. It is now time to go to the next level, a VAT compliance tool that combines industry specifics, operational efficiency, risk detection, optimisation opportunities. Moreover, data used for the production of VAT returns are recycled to produce management information under the form of data analytics.
You are dealing with many suppliers, service providers, co-contractors or customers and need to regularly check the validity of their VAT identification numbers. This may be your monthly burden. If it is, we can reduce it to a few clicks.
Our solution automatically validates value added tax (VAT) identification numbers and produces a report that summarises the (in)validity of VAT numbers.
To receive the report, all you need to do is drag and drop your files with the VAT numbers to be checked via a user friendly platform put at your disposal. Within a few minutes you will get a report that summarises the (in)validity of the VAT numbers included in your file.
Our solution uses the database of the EU. The validity of a VAT number is therefore checked in real time on official sources.
VAT Partner, PwC Luxembourg
Tel: +352 49 48 48 2044