VAT audits and customs compliance audits
VAT legislation never stands still and is continuously changing. Last year, all your VAT matters might have been perfectly in order, but due to changes in laws and regulations, there is a chance that they are no longer up to date. Without you being aware of it, this can have unpleasant consequences. A VAT audit by one of LENOS’s c.s. VAT specialists offers the solution. In a short time, we make it clear what risks you are running, ensuring that all your VAT matters are in perfect order.
Customs compliance audit
Does your company participate in international trade and do you have an AEO permit? Then it is advisable to have your procedures and transactions assessed against current customs regulations with a customs compliance audit. This audit inventories your customs processes in an objective and pragmatic way.
Identifying risks and opportunities with a VAT audit
There can sometimes be a significant margin between running a risk and missing an opportunity. Perhaps you are diligently following the applicable VAT rules, but you are not maximizing your potential. With a VAT audit, we uncover the opportunities for your business. Based on your activities, income, and expenses, we map out the entire VAT landscape of your organization. Which revenues are taxable, exempt from VAT or zero-rated? If your revenues are taxable, in which countries and at what rate exactly? Have you failed to pay VAT where it was due or have you wrongly paid VAT? And what possibilities are there to reclaim VAT both up front and in retrospect?
What are the benefits of VAT audits and customs audits?
- Practical report with findings and recommendations;
- Insight into risks, savings, points for improvement and opportunities;
- Accurate inventory of your applicable customs obligations;
- Sharp risk analysis of your customs compliance obligations.
Keeping your VAT matters optimally organized
Our specialists check the current state of your VAT matters to see if everything is optimally arranged. We also review previous VAT returns to see if there are any opportunities for retroactive claims. Additionally, we look to the future. How can you seize new VAT opportunities and avoid risks in the event of changing activities, for example? The VAT audit by LENOS c.s. makes this clear for you.
Customs compliance audit: assess your transactions and procedures against current regulations
Does your company participate in international trade? Then the status of Authorized Economic Operator (AEO) can be beneficial. When it comes to customs transactions, as an AEO permit holder – or authorized market participant – you are considered reliable throughout the European Union. If you have an AEO permit, the AEO assessment includes certain requirements. The customs compliance audit evaluates these aspects. Based on the outcome of the audit, you can implement improvements and refine processes to ensure you are customs compliant.
Contact our professionals
Our partners are tax lawyers. We offer all the benefits of a smaller, flexible firm coupled with the experience one usually only finds in the largest tax consultancy firms. All partners have a long experience as VAT and customs inspectors with the Dutch Ministry of Finance as well as VAT and customs consultants with the largest tax consultancy firms in The Netherlands.
