Manufacturing |
The trend toward globalisation has brought about innovation and invention in the manufacturing industry. However, expanding business brings increasingly complex indirect tax issues.
These issues arise in a regulatory and compliance environment policed by sophisticated tax authorities, and forward-looking companies need to be diligent about keeping on top of changes.
The manufacturing sector continues to respond to commercial pressures, for example offering 'just in time' supply and delivery, using regionalised hub structures to manage local customer relationships, reducing costs, and increasing service value. All of these pressures have an impact on a company's indirect tax profile, from the integration of supply chain management into accounting systems to unexpected reporting requirements arising from cross-border transactions. Mishandling one of these processes can have a significant impact on costs.
Deloitte's manufacturing indirect tax team is one of a number of multidisciplinary industry groups that assist some of the largest global organisations. We work with clients to ensure that they understand and comply with reporting process and that there are no unexpected surprises. Our services include supply chain review, VAT efficiency analysis and reporting technology to ensure that complex local laws do not impact production or profit margins.
Contact
David Raistrick
0113 292 1707
draistrick@deloitte.co.uk
