Having successfully implemented the VAT Add-on, United Biscuits benefits from reduced VAT compliance risk, as it is no longer required to make manual workarounds.
Background
United Biscuits is a leading manufacturer and marketer of biscuits throughout Europe and the rest of the world.
It has moved from a business that was focused on its UK and Northern European markets to a business with a global reach. In recent years, United Biscuits has made acquisitions in India, Saudi Arabia and Nigeria, creating manufacturing hubs in key markets and supporting its thriving export business.
- Consumer products
Before: Tax challenges for United Biscuits
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1
Complex supply chain
United Biscuits has established a complex but integrated supply chain designed to meet customer’s expectations on service and delivery. However, the model gives rise to a number complex VAT and Indirect Tax issues.
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2
Cross border complexities
Multiple cross-border VAT registrations and extended reverse charge scenarios
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3
Stock flows
Consignment stock flows and movement of own stock from one country to another
Why Meridian?
- United Biscuits’ strong preference was for a solution that is native to SAP as developing its own solution as implementing an external tax engine would be too time consuming and disruptive to the business.
- It was also important that any potential solution be tried and tested in businesses the size of United Biscuits.
- What particularly attracted us to Meridian was that we could speak with other businesses who had gone through a similar process and implemented the Meridian VAT Add-on in their organisation.
