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VAT Information Exchange system (VIES)
VAT Information Exchange System (VIES) provides a mechanism whereby checks can be made in each Member State on the validity of claims to zero-rating. It helps to detect unreported movements of zero-rated goods between the Member States.
Where a VAT registered person supplies goods or services to business customers registered for VAT in another EU jurisdiction, that person is required to complete a statistical return known as a VAT Information Exchange System (VIES) return. This is Ireland’s version of the EC Sales List/ESL.
CUSTOMER RETENTION STRATEGIES
| Without customers, your business simply would not exist. Some businesses are so focused on winning new customers that they often neglect to put any effort into retaining the customers they already have! Winning new customers is often far more expensive than retaining existing ones. Winning a new contract may cost time in terms of developing a sales pitch and cash in terms of corporate entertainment in order to win over your target client. By contrast, retaining an existing customer might be as simple as sending them a thank you card with a voucher enclosed offering 10% off their next purchase! |
