VAT Audits - Trends And Approaches

For decades, VAT has been part of the daily management of all companies. From a simple check on accuracy of figures to deep on-site audits, the VAT Authorities audit businesses on a more regular basis. In this, we see some interesting trends, as well as different approaches.

Increasing controls across the EU

With the rise of the EU single market in the nineties, the importance of verifying the effective VAT taxation of transactions became a focal point. The ‘VAT package' that entered into force in 2010 has crystallised this need for control and cooperation between EU Member States through the generalisation of European sales listings for goods and services transactions occurring in the business-to-business context.