Do you find there’s a missing link between the data from your finance department and (outsourced) logistics departments? During tax audits these figures need to be reconciled and differences, if any, need to be explained to avoid risks (ie. penalties and late payment interests) or missed opportunities (like overpaid customs duties).
That’s where our proprietary ITX Tradeflow Analyser comes in. It enables you to cross-check data from different sources (ie. data from an enterprise resource planning (ERP) system vis-a-vis data from the Belgian Customs authorities).
With ITX Tradeflow Analyser, you’ll have complete insight into your firm’s indirect tax aspects (value-added tax (VAT)) as well as the international trade aspects (customs) of goods used in transactions to and from third countries (non-EU).
Please contact Marc Hoessels for a personal demonstration of the tool and process.
Do you know the cost of Brexit to your business? Our proprietary Brexit Assessment Tool uses your data to deliver a tailor-made dashboard that quantifies estimated customs duty and VAT based on a”Hard Brexit” scenario and calculates the estimated increased compliance cost for lodging import/export declarations.
Calling on transactional Intrastat data potentially supplemented with customs data, we can not only calculate the likely financial impact, but also pinpoint areas of potential opportunity to optimise costs going forward.
With 29 March 2019 only months away, the time to plan for the departure of the UK from the EU is now!