Without the correct data and tax codes, a successful VAT return is impossible. Period. But so many companies across the globe are getting this wrong. Succesful VAT compliance comes down to data. And not just
VAT Software as a Service (SaaS)
The rapidly evolving PaaS (Platform as a Service) industry has experienced significant growth in recent years as more organisations look to leverage the potential of cloud capabilities with agility and flexibility. For example, the worldwide
Whether you’re a small business that has just registered for VAT, or are an existing company that has been submitting VAT returns for years, it’s important to remain up-to-date with compliance procedures changes as and when they pop up.
VAT registered businesses trading above the compulsory registration threshold (currently £85,000) will not be able to use manual records from 1 April 2019. Instead, businesses must use‘functional compatible software’ (digital records) to meet the new requirements.