A VAT/GST strategic plan - KGT' Roadmap

Page 2 of 3: KGT' Roadmap

The VAT/GST preparation and roll out process may involve

KGT's roadmap

• Initial scoping to confirm the relevant stakeholders and to clarify the objectives of the project. At this stage, the Board’s expectations on indirect tax performance and indirect tax risk appetite should be considered
• Workshop attended by indirect tax and key business and finance stakeholders. Workshop discussions will include overall business strategy, indirect tax risk appetite, stakeholder requirements from Tax, indirect tax function objectives, and planning evaluation and review processes.
• Indirect tax strategy document to be drafted, reviewed, agreed with key stakeholders and approved by the Board
• Roll-out of the strategy to the entire tax and the wider business to ensure a shared understanding of indirect tax risk appetite and acceptable planning. The roll-out may include workshops and conference calls with Tax, Finance and the business.
• At this stage, the most appropriate formats for the strategy document should also be considered. These may include a strategy document stored on the Intranet, an interactive decision tree to evaluate planning, hard copy tax guidance manuals etc. To move the (indirect) tax strategy from paper into practice, the roll-out may also include organizational changes, and improvements to processes and systems.
• Ongoing review and update of indirect tax strategy and documentation, and ongoing indirect tax strategy effectiveness reviews