Author: Andrew Bohnet

In today’s cloud-first world, businesses are often forced to choose between a rigid multi-tenant SaaS model and a more costly single-tenant setup to meet their compliance, performance, or customisation needs. At Innovate Tax, we believe you shouldn’t have to compromise. That’s why we’ve developed a

I recently had the opportunity to speak with a senior representative from the FIA from Taiwan. The Fiscal Information Agency (FIA) is a department under Taiwan’s Ministry of Finance responsible for developing, maintaining, and overseeing the country’s financial data systems and tax-related technology infrastructure. It

Why platform operators must prioritise accuracy and due diligence? Under DAC7, platform providers have specific responsibilities when it comes to gathering and reporting information on sellers, including VAT identification numbers where they are available. The legislation states that ‘the VAT identification number of the Reportable

When businesses receive domestic invoices in a foreign currency they may face unexpected complications, especially when it comes to determining the correct amount of tax to report and recover. One key issue arises when the invoice determines a positive tax rate, such as a standard

The prospect of managing more than 100,000 tax rates can intimidate even the most experienced tax professionals. But that’s exactly the task facing businesses trading in the US, where over 100,000 rates for Sales & Use Tax alone are currently in existence. Your first response

When it comes to the creation of new legislation – particularly as a lever to respond to global and market disruptions – the tax industry is guilty of safe thinking, inaction and lagging – perhaps more than any other sector.   Indeed, it can often

Last year’s introduction of the Directive on Administrative Cooperation (DAC7) is just one of many new compliance requirements placed on tax teams around the world in recent times. Aimed at enhancing transparency and combating tax evasion, DAC7 extends the European Union’s (EU’s) tax reporting requirements

With the global birth rate plummeting and the average age of people alive today steadily rising, the world is experiencing a demographic shift of unprecedented scale that will have a huge impact on the economy, health and climate.  But there is another less obvious – but

It’s a legal requirement in many parts of the world – including within the European Union (EU) and the UK – to correctly record the Tax Registration Number (TRN) of every customer and supplier to your business.   We use the acronym TRN, but you