Unprecedented changes to the EU’s VAT landscape are coming and businesses will have to be ready to adapt.
Our research found that the majority of businesses are unaware and unprepared to face the impending VAT changes in Europe. In fact, some 78% of businesses are unaware of the upcoming EU Four ‘Quick Fixes’ legislation, and less than half (48%) are ready to manage the changes they will bring. Similarly, despite 58% of financial decision makers believing their companies will be affected by Real Time Reporting (RTR) in the next two to three years, 38% are not prepared for necessary adaptations.
In the Future of VAT white paper, Nicholas Hallam discusses the digital future of tax collection and how EU member states are meeting the challenge; we discuss our Future of VAT Survey results; and Rob Janering provides technical analysis on legislative change, tax digitisation and the four VAT ‘Quick Fixes’
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