Copying and distributing are prohibited without permission of the publisher

The challenges and opportunities of interim VAT management

01 April 2012

Suddenly finding yourself without a key part of your tax department can be a problem at the best of times, particularly in the middle of a major international merger. Salman Shaheen explores how taxpayers can benefit from interim VAT management in emergency situations and how it differs from companies’ more common experience of secondment.

Most multinational companies are supported by strong indirect tax teams. They will hire secondees from accountancy firms on a temporary basis to plug gaps in their compliance work, but it is a rare and dire set of circumstances that forces them to bring on an entire senior VAT team from a law firm to make the necessary decisions for them.

In his first week at Alvarez & Marsal Taxand (A&M Taxand) in 2008, managing director and leader of the global indirect tax team, Richard Baxter, was sitting at his desk quietly drinking coffee when someone handed him a pile of legal documentation on a real estate transaction for a distressed bank which the firm was managing. Baxter initially thought he would be giving the kind of indirect tax advice he had built his career on, but the work he ended up doing turned out to be very different as he...



This article is locked content, available to current subscribers or trialists.

  • Current subscribers or trialists - Please log in to view this article in full.
  • New users - Please take a free 7 day trial.
  • Expired subscribers or trialists - Please subscribe to gain immediate full access.

If you think you've received this message in error, please contact your account manager, Nick Burroughs:
Email: nburroughs@euromoneyplc.com, Tel: +44 (0)207 779 8379

Subscribe now

Subscribe today to gain full access to International Tax Review.

Subscribe

Free trial

Take a free trial now and gain 7 days of full access to International Tax Review.

Free trial





International Tax Review Profile

Merck Group’s Frank Schoeneborn discusses patent box controversy, negative press and confidentiality http://t.co/VUcP5yukdW @TPWeek

Nov 20 2014 10:13 ·  reply ·  retweet ·  favourite
International Tax Review Profile

EUobserver / Luxembourg PM against single tax regime http://t.co/gAy28Qr9SQ A harmonised rate isn't #EU policy.

Nov 20 2014 10:01 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @iaincampbell07: @IntlTaxReview @fcablog @JudithFreedman. Could public name other PAC member? Need more VfM linked positive suggestions.

Nov 19 2014 02:14 ·  reply ·  retweet ·  favourite
International Tax Review Profile

@fcablog Perhaps but PAC is not a one-person show. Inevitable that any parliamentary committee chairman will grab headlines @JudithFreedman

Nov 19 2014 12:57 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @fcablog: @IntlTaxReview But at what cost? Hodge is burning HMRC's reputation unfairly for her own political gain @JudithFreedman

Nov 19 2014 12:51 ·  reply ·  retweet ·  favourite
International Correspondents

After the Irish budget, what would make you more likely to put more substance into Ireland?