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Wednesday 28 April 2021
We advise clients that US Tax engines do have some European capabilities. However, the tax engines have been built in the US and they are primarily built for US sales taxes. European Tax Determination is not their speciailty and it is only very recently that they have started to look at the European landscape. The tax engines don't cover all complexities, and the way they manage some processes does not cater for all European scenarios.
An example of this is that US Tax Engines manage the VAT determination on the AP side by purely using the PO details. We know that this is not the best way to do this and have we taken further steps to ensure accuracy ( PO details and VAT numbers from the invoice are used).
Contact us for further details on how the Meridian VAT Add-on can manage European VAT determination challenges.
EU VAT Updates