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Finance

Masters of VAT for Consumer Product Organisations

Provided by SAP Concur

Category Finance

Type E-Book

Publish Date April 07 2019

Overview

Consumer product organisations often have complex, global supply chains necessitating global travel and overseas procurement. Implementing an integrated approach to spend means your business can automatically stay in line with updates, it also ensures that only legitimate expenses are processed in line with a clear and enforced policy for VAT compliance.  

In this eBook, you'll discover the variety of ways that SAP Concur can support you in your journey to become a master of VAT. Of course, VAT has been a valuable source of revenue for the UK Government since 1973. Yet, despite more than 40 years of getting used to calculating, paying and reclaiming VAT, businesses still struggle to adhere to HMRC guidelines. With support from SAP Concur, it doesn’t have to be this way. First, we offer an expense audit solution to check for fraud and non-compliance. Secondly, we work with tax specialists to help you comply with VAT regulations. Thirdly, we give you visibility and control over all aspects of your travel, expense and invoice spending. Crucially, we see VAT reclaim as an opportunity to reduce business costs and put money back in your budget.

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