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A guide to VAT in the digital age
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Tax time bombs you can’t ignore in 2025
The calm before the audit Think your ERP tax setup is bulletproof? Think again. In the European Union (EU) alone, the VAT gap (the difference between expected VAT revenue and actual collection) was estimated at over €89 billion in 2022. That equates to around 7%
September 2025 Tax Headlines: Global VAT News
Here is our round-up of all the newest tax snippets from September 2025 – featuring news of rate changes, regulatory updates and reclassifications across the world. Bahamas The Bahamas cut VAT from 10% to 5% on medicines, medical supplies, feminine products, and diapers, effective September
Tax Equality Day 2025 – Why VAT still feels unfair
Today marks Tax Equality Day, when pubs, restaurants and cafés across the UK come together to highlight the unequal way VAT is applied across different industries. The campaign is led once again by Wetherspoons, which has cut its prices by 7.5 per cent for one
Are you still relying on manual tax logic? Here’s why that’s a risk you can’t afford
Across hundreds of ERP systems reviewed by Innovate Tax, one common thread keeps surfacing: manual tax logic is still prevalent everywhere. Hard-coded rules, spreadsheet-based workarounds, override dependencies, and tax condition sets that haven’t been touched since go-live. On the surface, it works. The tax is
Africa’s digital tax transformation: The latest on e-invoicing in 2025
E-invoicing is no longer a distant ambition for African tax authorities, it is happening now. Several of the continent’s biggest economies have moved from planning to hard deadlines, while others are shaping frameworks that will soon impact every business operating within their borders. Here’s a
Trickiest countries in which to achieve compliance
Indirect taxes, such as VAT, GST, or Sales and Use Tax, are designed to be efficient and broad-based. In practice, however, compliance can be highly complex, and even minor missteps can lead to severe penalties and unexpected financial consequences. Where compliance is most challenging: Brazil
EU ends IOSS and special arrangements for low-value imports
As part of its VAT in the Digital Age (ViDA) reform package, the European Union will officially abolish the Import One Stop Shop (IOSS) and related special arrangements for low-value goods under €150 from 1st July 2025. This marks a significant change for businesses involved
VAT Vs Food – How food companies are going head to head with Tax Authorities
When it comes to food, we all love a good debate—pineapple on pizza, tea before milk, or milk before tea. But for food companies in the UK, the arguments don’t stop at dinner tables; they extend to courtrooms, where the stakes involve millions in tax