VAT compliance by RMB in all EU Member States or how to save human resources, energy, and money!
VAT compliance in Europe is not an issue that can be underestimated nor disregarded. All companies having business operations with business based in other EU countries should wonder whether they are compliant with the VAT regulations in the countries where they sell and buy goods or services. VAT compliance is much more than filing VAT returns. VAT compliances should indeed start with the analysis of companies cross border operations themselves, how the documents are issued, where transfers of ownership take place, what are the Incoterms uses, who between the seller or the buyer takes care of the transport, …
Once all these questions (and many others) are clearly answered, then a reliable VAT compliance becomes possible.
The main difficulty about VAT compliance is that VAT returns are different in all countries and in some countries not available in English. Dates and periods of submission moreover not harmonized between the 28 E.U. Member States (+ Switzerland and Norway). VAT compliance can then quickly become really challenging for businesses when they try to do it by themselves.
In addition, as all EU countries implemented differently the European VAT Directive regulations in their own Tax codes, the VAT treatment of a the same transaction may be different from a EU country to another. This obviously makes VAT compliance almost impossible to handle internally especially for businesses that are registered for VAT in several EU. countries.
Being independent from any auditing or accounting firm allows RMB to provide « straight to the point » answers, without legal and theoretical background when not necessary. Companies expect from their partners answers or advice they can quickly and easily apply. This is also true for VAT compliance.
RMB has been providing VAT compliance services for more than 35 years to companies that decided to outsource this matter and reduce their administrative costs.
Feel free to contact us. We will be pleased provide you with some more information about our VAT compliance services as well as with a fee quotation.