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European Managing VAT report 2017

14 September 2017

The results from our second Managing Report were released today and show a detailed analysis of how VAT is and in some case is not being managed in large and small organisations across Europe.

Our results have reconfirmed the views set out in last year’s UK-specific survey – namely that businesses’ VAT compliance efforts are not as focused as we might expect and recommend given the acknowledged complexity of VAT.  However, the responses from across Europe have enabled us to give some more consideration as to why this might be the case.

Some highlights from this year’s report include:

  • 72% of European businesses surveyed said their organisation has no VAT strategy, including within their wider tax strategy
  • 45% say that VAT is rarely/never considered at a strategic level
  • Only 11% of those responsible for VAT hold a professional tax qualification
  • 1/3 of respondents from all countries had concerns their VAT systems and processes were not as effective as they could be
  • 40% of UK respondents already consider it very likely/quite likely that they will seek VAT advice to assist in managing Brexit

Four key themes arose from this year’s survey and you can navigate the results according to the following areas:

  1. How seriously do organisations take VAT
  2. Vat resource, experience and training
  3. Tax authority interaction and perception
  4. Impact of Brexit and requirement for external advice

To understand how and why our insights differed across Europe navigate our findings online now.

Findings now online