Alexander Schallock and Frank Johannesmeier from HLB Stückmann were guests at the headquarters of the association of the wood and furniture industry as speakers for a sales tax seminar. The focus areas of the event were the currently pending changes on 01.01.2020 due to the VAT action plan of the EU Commission and the sales tax framework around Brexit.
Source photograph: VHK Herford
In addition to the presentation of the concrete VAT effects, recommendations for preparatory measures were made and further action required was identified. In view of the challenges in the area of VAT this year and in the years to come, companies are well advised to review the current status quo and prepare themselves for the future with a roadmap of measures.