The Process / VAT Assessment Process

VAT Assessment Process

 
To provide an accurate report showing the relevant VAT treatment and company obligations for each of the company’s unique foreign transactions Cash Back have developed a simple 3 step process:  
 
1. Review of foreign business transactions:  
  • Done in cooperation with the client, Cash Back identify:
  • All outgoing types of transactions per country combination
  • All incoming transactions per country combination
  • The legal status of the company  
 
2. Cash Back Business Case Analysis  
  • Cash Back analyses each scenario and runs individual simulations for each transaction type
  • The results are analyzed by our local VAT specialists  
 
3. VAT Assessment Presentation  
 
Cash Back summarises the results in an assessment report which highlights:  
  • The correct VAT treatment re the company’s sales and purchase transactions based on legislation in effect at a point in time
  • The specific law applicable for the seller per country per transaction
  • The specific law applicable for the purchaser per country per transaction
  • The national legislation as well as references to the relevant EU articles
  • The necessary internal accounting software amendments
 
"Cash Back have developed a simple 3 step process."
Cash Back ( CB) refers to one or more firms, which have concluded Franchise Agreements with United Cash Back AG (UCB), a Swiss private company with limited liability. UCB is Franchisor to the global UCB organization. UCB itself does not provide any services to clients; services are provided exclusively by the Franchisees of UCB. UCB and its Franchisees are separate legal entities and have no liability for another entity's act or omissions. Certain content on this site may have been prepared by one or more of the UCB member firms.