VAT Audits and Investigations

As e-commerce grows, European tax authorities are facing challenges. Despite an increase in transactions, VAT revenues haven’t kept pace.

Recent data from the European Commission shows a VAT shortfall of about €61 billion in 2021. In response, European tax agencies are stepping up efforts – particularly through proactive audits of e-commerce sales. They are leveraging digitalised tax systems and real-time reporting to enhance compliance to reduce this deficit and strengthen the economy.

Ignoring international VAT payments can lead to serious problems. If your business is found non-compliant, you could be hit with fines and have to repay any outstanding VAT. This becomes especially challenging if you haven’t set aside enough funds for such situations.

Tax authorities also have the authority to instruct your e-commerce platform to suspend or deactivate your account – cutting off a vital source of sales for your business.

If you’re facing VAT challenges or caught up in an investigation, no need to stress – AVASK has got you covered. We’re here to create customised solutions that perfectly match your business’s unique needs.

Our team isn’t just well-informed; they’re enthusiastic about steering businesses through the complexities of tax obligations. We’re dedicated to ensuring you’re in good standing with the tax authorities, allowing you to concentrate on what you do best – running your business.