The Business Case for a Tax Engine

VAT compliance is not for free; why would you want a tax engine for VAT?

It is becoming increasingly important for businesses to remain in control of VAT given the legislative drivers behind this including increased reporting requirements imposed by various countries, increased data analysis capabilities and exchange of information, and a shift in Tax Control Framework discussions towards indirect tax. Taking one step back, as a business, should you not already have quite a rigid control framework around one of your most substantial monetary flows, which is VAT? The aggregate of input and output VAT can easily be 30% of your total revenue.

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