VAT Registration and Compliance
If your company undertakes business activities, that is to say, sells goods or services in another country where you are not established you may have to register for VAT. Most countries have a turnover threshold, above which the taxable activity must be registered, while others require registration as soon as any business activity is undertaken.
A company who is registered for VAT in another country is obliged to comply according to the requirements and regulations of that country. Regulation rules and procedures differ greatly from country to country and there is a risk of penalties if a company fails to comply. The European VAT system has become increasingly complicated and is constantly modified making it difficult for companies to make the correct decisions or manage and control related costs.
Companies registered for VAT in a country where they are not established are furthermore expected to report all purchases and sales that include VAT in the relevant country and to pay any VAT due to the local tax authorities.
Cash Back can assist you with everything from taking care of your VAT registration to compiling and submitting your VAT returns, your Intrastat declarations and European Sales Lists. Cash Back’s extensive network of franchisees together with our tax advisors, can help you with registration and compliance in more that 30 countries.