VAT Registration Number Service
In order to support clients with information on the VAT Package regulations taking effect on January 1, 2010, Elite has taken various initiatives including offering informative webinars and making available the new EU standard ESL reports in the current supported releases of Enterprise and 3E. In addition, Elite is currently offering a configuration service for users of Elite Enterprise to ensure they can quickly and easily verify VRNs and obtain confirmations of the validation. VRNs provide key information for both bills and reports subject to the VAT Package regulations.
VAT Rate Increase in the UK
In the UK the standard rate of VAT was temporarily reduced to 15 percent on December 1, 2008 and will return to 17.5 percent on January 1, 2010. Elite has been hosting webinars to walk product users through the HRMC guidelines. The webinars also offer important information on how to handle the rate increase as well as illustrate suggested approaches and practical examples related to the VAT rate increase. Webinar registration details can be found on the Elite website.
Tax and Financial Reporting News Now Available in the Elite Knowledge Base
Monthly tax and financial news highlights will no longer be published on the ASR. This information is located on the Tax and Financial News in the Elite Knowledge Base under the folder Tax and Financial Reporting News. The news summarizes the main regulatory changes taking place worldwide sourced from PwC, Deloitte and IAS resources. Regulatory changes can affect our global client base and we will continue to filter these new and changing requirements to ensure we capture any aspect that could impact Elite product users. For additional information please contact Nadia Strobbia at nadia.strobbia@thomsonreuters.com.
