VAT / GST / Sales tax servicesOur network of dedicated indirect tax professionals combines technical knowledge with industry understanding and access to technologically advanced tools and methodologies. We identify risk areas and sustainable planning opportunities for indirect taxes throughout the tax life cycle, helping you meet your compliance obligations and your business goals around the world. Our globally integrated teams give you the perspective and support you need to manage indirect taxes effectively. It’s how Ernst & Young makes a difference. | European Commission proposes measures for better cooperation between tax authorities in VAT matters On 18 August 2009, the European Commission (EC) issued a far-reaching proposal (pdf, 97kb) to recast the current EU legislation governing administrative cooperation in the area of VAT and issued a report on the current situation, outlining areas for improvement. The proposals include the creation of Eurofisc, a common operational structure for Member States’ tax authorities, aimed at allowing them to take rapid action against cross-border VAT fraud. The VAT Package - is your business ready? The VAT Package (pdf, 100.9kb) is fast approaching. From 1 January 2010, major new rules will be introduced across the EU, affecting all businesses that trade internationally in services, whether as a supplier or purchaser, and whether externally or on an intra-group basis. For some, there could be a substantial economic impact, especially businesses and other organizations that cannot recover VAT on their purchases, notably banks, insurance companies, charities, the public sector, and those in the betting and gaming industry. |
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- Free Cash Flow Release
Free Cash Flow Release is our innovative approach to quantifying the cost of cash tied up by indirect tax.
- Electronic VAT Assurance
Ernst & Young’s Electronic VAT Assurance technology enables VAT to be collected, filed and paid in an efficient, effective manner.
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