Optimising Tax Transformation: Achieving VAT Accuracy Through a Solid Data Foundation

As businesses go through digital transformation and embrace cloud technology and unify previously siloed systems, tax teams face a pivotal opportunity to transform how they manage tax data. With the increasing demands of initiatives across Europe and real-time reporting requirements in countries like France and Spain, the shift to real-time processes demands precise, first-time-right tax calculations embedded in core finance operations. By centralising compliance-related data within tax-oriented frameworks, organisations can ensure greater accuracy, enhance controls, and simplify audits and reporting.  

This webinar will delve into how and why tax teams need to improve the quality and reliability of tax data and how moving away from heavily customized, decentralised tax environments within ERP systems, businesses can achieve a streamlined, future-ready tax setup that reduces complexity and enhances efficiency. We'll walk through specific examples from key European markets and discuss how to navigate the varying requirements.

Join us to explore how getting tax data right can not only ensure compliance but also position tax teams as strategic enablers in a rapidly evolving digital landscape.

Key Takeaways:

• Understand the importance of clean master data for accurate indirect tax compliance.
• Learn how automated tax determination reduces errors and increases efficiency, in light of evolving European requirements.
• Explore the value of a centralised tax control framework for compliance and change management.
• Discover strategies for tax teams to secure a seat at the table in ERP refresh projects, ensuring tax requirements are prioritised.

Speakers:

• Patricia Rocha Jordan, Technical Product Marketing Manager, Vertex Inc.
• Katie Summerville, Senior Functional Consultant, Innovate Tax
• Desiree Zonneveld, Senior Tax Analyst, Starbucks