Global businesses must satisfy the demands of an international market, whilst at the same time ensuring that the necessary provisions are in place to manage the risks of varying regulations.
VAT is the most common form of consumption tax in the world – administering it is a burden for businesses of all sizes, but for large global businesses, the risks of getting it wrong are even greater.
Risk Management & Compliance
Ensuring that VAT compliance is achieved and maintained is a constant challenge; in house resources are often stretched and managing relationships with multiple local tax advisory firms can be a complex and time consuming task.
Accordance clients include large blue-chip firms, FTSE 100 and Global 500 businesses – we understand the needs of businesses that manage trade across multiple tax jurisdictions.
We work with businesses to ensure they have confidence that they’re getting international VAT right where they’re trading – and to reduce the risks of fines and penalties from non-compliance, whilst maximising potential savings opportunities.
Our VAT consultants are predominantly drawn from the Big 4 accounting firms, and specialise in cross-border VAT. We look beyond the requirements within one country’s VAT system, striving to provide the best advice on the VAT issues that arise when businesses are cross-border.
We centralise our approach to international VAT – rather than focusing on domestic VAT matters, we concentrate on the VAT challenges that local VAT specialists often overlook.