Transcription of Improving working capital - KPMG
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Improving working capital - KPMG
Improving working capital Generating cash savings through better fi nancial housekeepingMay 2017 How tax can help the business improve working capital efficiency and generate cashWorking capital is a key priority for business leaders. Realising efficiencies reduces funding costs, releases cash for investment and can have a tangible impact on the bottom line. Yet the role of indirect taxes, and claiming tax reliefs and incentives from investment in the business is often rarely take full advantage of the opportunity in the UK let alone their international businesses. Is VAT your biggest drag on cashflow?With VAT often representing the third largest throughput after sales and cost of sales, the daily inflows and outflows of VAT can have a significant impact on cash available to the business and financing needs. Likewise, finance processes can be inefficient which lead to a hard cost where VAT is expensed.
Working capital is a key priority for business leaders. Realising efficiencies reduces funding costs, releases cash for investment and can have a tangible impact on the bottom line.
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