In 2020, the EU Commission estimated that it lost €93b across the EU in VAT fraud. Now, the EU commission is proposing a standardised approach to the communication of data in real-time to tax administrations.
So, as a tax leader, what should you be doing to prepare yourself for the future to build a long-term strategy for digitalisation? In this video, Chris Downing sets out the immediate and future steps tax leaders should take to be prepared and make the most of these impending changes.
If you want to discuss any of these complexities in more detail, please reach out to your KPMG advisor or contact Chris Downing.
