VAT Audits and Investigations

Navigating the maze of VAT can be tricky, but that’s where we shine! At AVASK, we’re not just experts; we’re your trusted guides in the world of regulatory compliance – offering personalised audit and consultancy services that perfectly match your business’s international trade needs.

Are you facing a tax audit?

Avoid being fined during a VAT audit

The Problem

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.

The Implications

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.

The Solution

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.

The Problem

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.

The Implications

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.

The Solution

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.

Easy VAT audits with tax authorities

At AVASK, we get that dealing with VAT and tax authorities can be a bit daunting. That’s why our multilingual team is here to steer your business smoothly through audits and communicate with tax officials, no matter the language barrier.

Problems you’re facing

Complex regulations: Lost in the twists of global VAT rules? It’s a common headache.

Record-keeping: Maintaining accurate and detailed records is a must, but it’s a juggling act.

Unexpected costs:  Slip-ups in VAT can lead to fines that nobody wants.

How we can help

VAT knowledge: We provide clear advice on international VAT regulations to ensure compliance.

Audit preparation: We help sort and review your records, making audits a breeze.

Fine prevention: We ensure you stay VAT compliant to avoid extra costs.

How does it work?

Initial Consultation: We’ll have a chat to understand your business and assess your VAT situation.

VAT strategy: We’ll meticulously review your records to create a tailored VAT compliance strategy.

Audit support: We’ll discuss our findings and offer our VAT audit recommendations.

Their professionalism, efficiency, and expertise have greatly contributed to our seamless operations.

– Rizwan | E-commerce Seller

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