Value Added Tax – A Complex Matter! Avoid expensive mistakes.
There is hardly any other type of tax for which regulations have changed as frequently as in the case of VAT. The rules in the individual EU countries are quite harmonized; however, they differ from each other in the details. It is very difficult for any tax-payer to do everything correctly. Even more so as tax-payers are often not even aware of existing rules and how the rules should be applied. Mistakes can often lead to grave consequences as it may not be possible to rectify errors, such as correcting invoices, or corrections may be time-consuming or cause trouble in customer relations. Or, mistakes can simply cost you a lot of money.