As HMRC continues along its voyage to digitise tax, many companies are beginning to see the benefits of implementing tax technology within their organisation.
As current tax processes are broken within many companies, the ability to quickly and accurately compile, prepare and submit VAT returns is an attractive proposition. Information from our recent report seems to reinforce this fact, as 37% of businesses surveyed take more than 20 days to submit their VAT.
However, the implementation of technology within an organisation requires both the tax and IT team to work collaboratively. Our infographic explores some of the difficulties that can arise when tax and IT work together and ways to overcome them.