score

Score

Financial Services and/or Insurance Services

Immovable Property and Construction Services

There are some informal/unwritten policies in place

Policies are in place, but there are no checks to ensure compliance

Policies are in place and mostly adhered to

There are adequate policies in place, which are adhered to in all instances

I have limited training and/or formal education in this area

I have some experience, but limited formal education in the area

I have vast experience, but limited formal education in the area

I have vast experience and appropriate formal training

I have vast experience and a qualification in the area of VAT

VAT returns are reviewed, but not every quarter

VAT Returns are reviewed on a materiality basis

Reviewed internally by a person with relevant education and experience in the area

The responsibility for VAT lies with a third party VAT practitioner, and approved internally by the FD/CFO

I reconcile my VAT accounts regularly, but have limited expertise in this area, and there is no review process in place

I reconcile my VAT accounts regularly, although I have limited expertise in this area, and my work is reviewed internally

I perform my VAT reconciliations regularly and have the necessary competence in this area and is also reviewed internally

Performed regularly by an independent party who has technical expertise in this area

Ad hoc checks are made but there is no set policy

Checks are sometimes performed as per internal policy

Checks are performed regularly as well as formal training on VAT issues

Returns are always late, and sometimes missed completely

Returns are often late, but generally never missed

VAT returns may occasionally be a few days late