VAT Risk Profiler
Introduction
Welcome to the PricewaterhouseCoopers VAT Risk Profiler. The VAT Risk Profiler is a self-assessment tool designed to assist you evaluate the VAT risks which you and your organisation face.
We define VAT risk as the possibility that a failure in your VAT systems would lead to a material financial and/or reputational exposure. Your VAT risk is therefore a combination of the quantum of VAT you process through your organisation and the strength and robustness of the VAT procedures and controls you have in place.
How VAT Risk Profiler Works
Through a series of 18 questions, the Profiler will help you focus on key risk areas to determine whether your risk is high, medium or low.
At the start of each section (there are four sections in total, operational risk, transactional risk, compliance risk and finance & reporting risk) you will be asked to self-assess your exposure in that area. You will then be asked a series of questions. When you have completed these questions VAT Risk Profiler will provide you feedback on your responses.
When you have completed all four sections the system will generate a report comprising a list of actions based on your final self-assessment rating for each section. This report contains a list of actions which you may wish to consider.
Disclaimer:
The information contained in this VAT tool is provided free of charge for general information purposes only. Nothing in this tool should be construed as constituting legal, accounting, tax or other professional advice or services. The responses you will receive from this tool are automatically generated as a result of your answers to the questions. If you do need advice on any specific VAT problem, or would like further information on anything contained in this tool, then please do not hesitate to contact us.
While we make every effort to ensure that the contents of this tool are accurate, complete and up to date, we provide no guarantee or warranty of completeness, accuracy, timeliness or of the results obtained from the use of this information. We accept no responsibility for any loss of whatever nature that may arise from the use of this tool or your reliance on any of the information contained in this tool.