A Guide to Digitalising VAT Webinar

In this webinar we look at how organisations are looking to build upon the benefits of digitalisation experienced under MTD and to demonstrate the business case.
Five learnings from the session:
1. Tax is ripe for automation with 57% of tax processes lending themselves to digitalisation
2. 58% of VAT Returns are currently inaccurate, 33% of organisations spend 25+ days on VAT whilst 64% want to reduce their workloads
3. Five areas that make VAT compliance hard are: VAT groups, partial exemptions, international reporting, multiple data sources/unstructured data and mixed VAT rates.
4. Digital tax technologies can reduce excel errors by 100% and reduce compliance workloads by 50%+
5. Finance teams only spend 1-2 days supporting new technology implementations