The motivation for this was that numerous tax offices have so far had little insight into companies in e-commerce. Conversely, this is - naturally - also the case. Many young digital companies have so far only submitted their tax returns. An intensive exchange - e.g. in the course of audits - is currently still rather the exception.
However, that should not be the case. An understanding of each other's work and challenges is always the best remedy against suspicion, distrust and wrong conclusions - not only in this area of life!
Two institutions are slowly converging: online commerce and tax offices
Company audits or Value Added Taxspecial audits often begin with the auditor taking a close look at the company.
In e-commerce, this often happens digitally in advance: the tax office will first have a look at the website, the web shop, possibly the blog and the appearance in social media (Facebook, Instagram, LinkedIn, ...), since companies or their marketing departments often reveal more than their own tax advisor knows.
However, if the examiner has to look into the value-added process of an online merchant, this becomes much more difficult in e-commerce. Many processes are digital and fully automated.
As a result, these companies can grow much faster. However, a wrongly set variable can lead to the fact that e.g. taxable B2C deliveries to France are assessed as tax-free export deliveries - for years.
In addition, the question always arises for the auditor - and not just since Wirecard -: Can the figures/data also have been manipulated at certain points in the process?
These two areas of risk: Value Added Tax and Transparency & Documentation (GoBD) are the subject of this webinar series, from which both sides should benefit: Financial management and e-commerce.
Red thread of the Webinar series
Andrea and Roger first discussed the thematic framework for the further consequences at the kick-off event.
These include in particular
- Why might online merchants be subject to particularly frequent audits in the future in the form of Value Added Taxspecial audits, tax audits or unannounced Value Added Taxinspections?
- What are the well-known classics and probably future fields of examination in the field of Value Added Tax?
- As a tax consultant, do I have to post each revenue individually in DATEV even if I have a client with 50,000 transactions per month in accordance with Section 146 (1) AO?
- What are the GoBDs and why could the outcome of many tax audits and Value Added Taxspecial audits depend significantly on these four letters in the foreseeable future?
- Is the tax office or a tax auditor allowed to document procedures - What is that actually? - demand?
- What could be the consequences if there is no procedural documentation in the company - at least as required by the tax authorities?
You missed the kickoff meeting? No problem. Here's the recording.
Recording of the launch event on 26 June 2020
What happens next?
First of all, Andrea and Roger would like to thank the audience for the numerous and above all good feedback during and after the webinar.
This has confirmed our decision to continue this series in the near future and to deepen individual topic blocks - always with a practical focus.
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Taxdoo is the compliance platform for the digital economy
... and forms for the leading online retailers in Europe besides the handling of the current Value Added Tax-Compliance, Intrastat and financial accounting (Taxdoo is a partner of DATEV) also offers numerous other compliance services via a unique platform.
If you want to know more about how you Value Added Taxcan efficiently and securely map compliance, financial accounting and much more via a platform, then book your individual and free initial consultation with the compliance experts from Taxdoo!
You are also welcome to register for our regular demo webinar in which we will introduce Taxdoo and our compliance services and answer your questions personally.
P.S.: Taxdoo has been an official partner of DATEV in online trading since the beginning of 2020.