Downloads
Article: The Sleeping Giant In The Tax Department: Inaccurate Sales, Consumer Use, And Value Added Tax Payments
By: John Cowan, Vertex Director of Solutions Practice
Everyday business decisions can have huge – and often unintended – sales, consumer use, and value added tax (VAT) implications. For example, if you are a regional clothing retailer, deciding to allow customers to purchase goods in one location and ship them to another location (or accept store returns from another jurisdiction or from Web purchases) can create significant tax issues; suddenly, every store needs a way to apply the correct tax for customers shipping to any jurisdiction in the entire country – and if your business is global, for any intra country transactions. If you decide to introduce new products, it's easy to overlook special "tax holiday" exemptions affecting them. In addition, if you operate a chain of grocery stores, simply choosing to sell ice cream treats in a single, eight ounce serving (rather than larger containers) may put you out of compliance in certain jurisdictions.
The content you requested is only available to registered users of Retail Solutions Online. By registering now, you'll get access to this piece of content and thousands of additional articles and product reviews across our entire network of sites.
