intra-community VAT Audit; tax inspection
dEfinition OF VAT audits
VAT audits allow companies to ensure their VAT compliance protect themselves in case of an audit. A detailed analysis conducted by VAT experts will allow to highlight key danger points. A complete file is delivered at the end of the study which includes our recommandations.
WHY SHOULD YOU CARRY OUT A VAT AUDIT OF YOUR COMPANY ?
Intracommunity VAT regulations are far more complicated than they may seem at first. The application of the rules, or the difficulty in interpreting the official texts make Intracommunity VAT one of the main issues for companies working internationally, as well as a real fiscal risk.
A VAT audit prevents any risk linked to a tax audit. VAT represents a major financial risk important if it is not submitted correctly or if the fiscal documents don't comply with current regulations in force. A VAT diagnosis or VAT audit exists to review the goods and invoice flows to ensure their compliance.
In order to prevent any risk caused by a check by authorities, we offer you, our client, to conduct an audit of your VAT management.
The audit consists in the comprehensive examination of the company accounts, in order to identify the purchases and sales flows, and check their compatibility.
VAT AUDIT: KEY POINTS
Comprehensive review of all fiscal support documents (purchase and sales invoices, import and export documents...)
Verification of VAT declarations as well as conformity of the sums
Delivery of your case study including our risk assessment and our recommandations.
Would you like to speak with a sales advisor to find out more about VAT audits ?
HOW DOES A VAT AUDIT WORK ?
All the intracommunity and international flows are analyzed and verified to ensure your company's compliance. The VAT diagnosis or VAT audit reviews all the intracommunity purchases and sales invoices as well as import and export documents to ensure the validity of the fiscal documents (inspection of the notices to be indicated on the invoices, of the validity of the VAT Numbers entered on the VIES database…). VAT returns, as well as your VAT accounts, are also considered in the diagnosis, to verify their concordance. An in-depth study is conducted on the Intrastat returns. VAT and Intrastat are closely linked, it is therefore vital to take this into account during the audit.
The stages of an audit:
Definition of the objectives of the audit
Analysis of the documents provided by your company
Verification of all fiscal documents (invoices, Customs documents, VAT returns…)
Verification of the Intrastat returns
Risk assessment in case of tax audit
Audit report and recommandations
WHAT ASD CAN DO FOR YOU
ASD Group is a leading taxation firm specialised since 1993 in Intracommunity VAT management for companies working within or outside of the EU. We handle Intracommunity VAT for thousands of companies in all types of fields of activity. Our VAT experts analyse goods flows and invoices of hundreds of companies each year. We like to think of ourselves as VAT practitioners.
Preparation, verification and transmission of Intrastat returns
AnalysIS AND contrOl
Detailed monthly analysis and control of all your invoicing flows
INPUT AND VERIFICATION
Input and verification of the conformity of the invoices and Customs nomenclatures
Research and audit of Customs nomenclatures
Assistance in case of administrative or Customs check
Specific training sessions, dedicated to Intrastat management, ideal for your collaborators
Our experts are at your disposal to answer your questions. Benefit from a free consultation!Ask us for advice
Who are we?
ASD Group is an international taxation firm specialised in fiscal and customs strategy since 1993. We assist our clients worldwide through an integrated network of agencies. Around 100 collaborators work daily to ensure compliance.Find out more
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A team of specialists is at your disposal for questions or information requests. In your native language, your interlocutor will break down your issue and find the best solution possible.Contact a fiscal expert
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