CAT / FIA FTX Classroom - Syllabus F8. Communicate VAT information 8 / 8
a) Inform managers of the impact that the VAT payment may have on the company cash flow and financial forecasts.
b) Advise relevant people of the impact that any changes in VAT legislation, including the VAT rate, would have on the organisations recording systems.
c) Communicate effectively with the relevant tax authority when seeking guidance.