Mind The Gap – Latin America Shows Europe How to Tackle The VAT Gap

The VAT gap is a worldwide problem with billions of pounds lost to fraud or inaccuracies – from 13.3 bn GBP in the UK* and up to 147bn EUR* across the EU as a whole. Digital developments are at the forefront of tackling the problem, and Latin America has been leading the charge on revolutionising the way VAT is collected. With the UK looking to a digital future to keep up with the rest of the world, businesses also need to look ahead at how they may need to adapt. Our white paper covers the changes Latin America are making, what Europe can learn from them and how businesses can future proof.