VAT Registration and Returns Filing Service

In today’s global market, the necessity to ensure VAT compliance across multiple jurisdictions, in a constantly changing and complex legislative landscape, is one of the biggest challenges facing cross border selllers.

With more and more companies selling outside of their domestic market, there is an even bigger need to rely on effective solutions to help manage the preparation, accuracy and timely submission of all VAT declarations, in a manner that is fully compliant with prevailing national legislation. Meridian offers that solution.

By using world-class technical VAT expertise, Meridian provides a fully managed VAT registration and return filing service, together with a sophisticated, on-demand and on-line, management reporting tool.

The service has three supporting service components:

  • A comprehensive VAT registration and return filing service
  • International VAT consultancy
  • An on-line management reporting portal - available in seven languages

Whether you have one or multiple VAT registrations across your organisation, Meridian can help ensure that your VAT declarations are submitted accurately, on time and in full compliance with all legal formalities.

Features include:

  • Multi-jurisdictional VAT compliance
  • VAT registration / de-registration
  • Preparation and submission of all VAT declarations: VAT returns
  • Intrastats
  • EC Sales Lists
  • Other country-specific declarations
  • Fiscal representation where required
  • Manage full relationship with VAT administrations

To check if you may need to register for VAT in a different country, answer these few simple questions

Or for further information email us at marketing@meridianglobalservices.com or call us on + 353 1 4000 600


 

VAT Registration and Returns Filing Service

In today’s global market, the necessity to ensure VAT compliance across multiple jurisdictions, in a constantly changing and complex legislative landscape, is one of the biggest challenges facing cross border selllers.

With more and more companies selling outside of their domestic market, there is an even bigger need to rely on effective solutions to help manage the preparation, accuracy and timely submission of all VAT declarations, in a manner that is fully compliant with prevailing national legislation. Meridian offers that solution.

By using world-class technical VAT expertise, Meridian provides a fully managed VAT registration and return filing service, together with a sophisticated, on-demand and on-line, management reporting tool.

The service has three supporting service components:

  • A comprehensive VAT registration and return filing service
  • International VAT consultancy
  • An on-line management reporting portal - available in seven languages

Whether you have one or multiple VAT registrations across your organisation, Meridian can help ensure that your VAT declarations are submitted accurately, on time and in full compliance with all legal formalities.

Features include:

  • Multi-jurisdictional VAT compliance
  • VAT registration / de-registration
  • Preparation and submission of all VAT declarations: VAT returns
  • Intrastats
  • EC Sales Lists
  • Other country-specific declarations
  • Fiscal representation where required
  • Manage full relationship with VAT administrations

To check if you may need to register for VAT in a different country, answer these few simple questions

Or for further information email us at marketing@meridianglobalservices.com or call us on + 353 1 4000 600

 

What is VAT and why is it important?

'VAT’ stands for ‘Value Added Tax'.

It is an indirect tax on consumer expenditure. Unlike a retail sales tax, VAT is charged and collected at each stage of the production process and not only on the final sale. VAT is normally borne by the consumer in the price paid for goods and services. It is also charged on business transactions. The tax is paid to the government directly by the producer and the cost is passed on to the consumer.

Why is it Important?

Companies may need to register for VAT in another EU or foreign jurisdiction depending on their business activities. They may also be required to collect VAT and remit this to another EU or foreign tax authority. Mostly it is a legal obligation for the company to VAT register and make returns.

The current economic climate has put pressure on tax authorities to toughen VAT audits. They are getting stricter and more intelligent and aggressive about VAT compliance. They have become more sophisticated in terms of new audit techniques including risk scoring and this is resulting in more VAT collections. They are also sharing information and monitoring cross-border trade. If a company registers late or not at all, penalties and/or late payment interest may be imposed

When do I have a Foreign VAT Liability?

Often a company has a VAT registration liability if they are engaged in any of the following:

• Moving consignments across many country borders due to complex supply chain arrangements

• Supplying digital services over the internet to private individuals

• Buying goods within a country and selling goods in that country

• Shipping stock cross-border in bulk to either their own warehouse or that of a fulfilment partner

• Importing goods in to another country outside of the EU

• Distance Selling - Any business that sells goods at a distance (e.g. over the internet, by telephone, by mail order) and delivers them from one EU Member State to customers (private individuals) in other EU Member States

• Distance selling with sales exceeding the distance selling thresholds of the EU Member State in which the end customer is located (thresholds vary from €35,000 - €100,000)

To check if you may need to register for VAT in a different country, answer these few simple questions

For further information email us at marketing@meridianglobalservices.com or call us on + 353 1 4000 600

 

What is distance selling and what are distance selling thresholds?

Distance selling is when a seller sells goods at a distance (e.g. over the internet, by telephone, by mail order) and delivers them from one EU Member State to customers (private individuals) in other EU Member States. Each EU Member State has a distance selling threshold. Essentially it is a turnover threshold, ranging between €35.000 and €100.000. When a seller exceeds this turnover threshold in another EU Member State, they will have a liability to VAT register there and charge the relative local VAT rate on their sales. For that reason it is essential that vendors who are distance selling monitor these thresholds.

Download Meridian’s article on distance selling and check the thresholds for the countries that you sell to.

For further information email us at marketing@meridianglobalservices.com or call us on + 353 1 4000 600

 

Online management reporting portal

A unique feature of Meridian’s VAT compliance service is a web-based ‘portal’ that provides full visibility and control over VAT compliance activities, across your whole organisation. Think of the portal as your gateway to a whole range of real-time information, which lets you manage your VAT compliance in a way that no other system will allow. This on-demand, real-time portal facilitates the management of reporting deadlines and information workflows, providing full visibility of all historical VAT returns, forms and correspondence.

The portal features include:

  • Executive dashboard view of overall VAT compliance
  • Live calendar to monitor workflow and manage deadlines
  • Access to historic VAT return workings, forms and correspondence
  • Statement of account tracking reflecting amounts owing to/due from VAT authorities
  • Analytics engine providing sophisticated trend analysis
  • Available in 7 languages - English, French, German, Swedish, Spanish, Dutch & Italian

To organise a demonstration, please email marketing@meridianglobalservices.com

Or call us on + 353 1 4000 600

 
 

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