Change of a company's business model - Some of the questions that can help you determine the impact of VAT before migration

Page 4 of 4: Some of the questions that can help you determine the impact of VAT before migration

Some of the questions that can help you determine the impact of VAT before migration

• Do we have sufficient insight into current VAT processes including all manual adjustments, workarounds and internal quality assurances processes?
• Are the processes specific and well-documented, and are they adequate for the new environment?
• Do we understand the scope of personnel changes that may occur as we migrate?
• Have we captured all the relevant knowledge from personnel who may decide to leave the organization?
• Are we retaining access to and information about existing manual processes and procedures and offline solutions?
• To what extent do current processes depend on local VAT expertise and technology? How much will be lost in the event of a change or transfer?
• To what extent are different processes required from one jurisdiction to another?
• Who has final responsibility for the VAT compliance process at present, and who will own it upon transfer to the new model?
• Where are the essential process controls being carried out?
• How does the new model deal with local VAT risks in terms of internal communication and coordination?