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SOX and Changing Practices in VAT

Gary Harley, Partner, and Katie McGavigan, Senior Manager, KPMG, discuss new approaches and attitudes to VAT management following the implementation of the S-O 404 requirements

 
Gary Harley Partner and Katie McGavigan Senior Manager KPMG discuss new approaches and attitudes to VAT management following the implementation of the S-O 404 requirements
 
If the chief finance officer of an average multinational was asked a couple of years ago how the company's VAT affairs were managed he or she would probably have returned a bemused look and some words to the effect that VAT was all handled automatically through the ERP system.
 
Ask the same question today and you will receive a very different look and words to the effect of 'we are looking into that right now' ...

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