A key part of HMRC’s vision for a modern tax administration is to “drive up levels of innovation and productivity”. Getting there will require rapid change from 2023 onward, which could prove costly and disruptive unless organisations start to look at their processes in the near term.
Russell Gammon, Tax Systems’ Chief Solutions Officer, highlights the steps to take in order to improve efficiency, transparency and accuracy with VAT reporting. By using innovative and strategic platforms such as AlphaVAT, organisations can combat these challenges and prepare for further regulatory demands by digitally managing the entire VAT compliance cycle.
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