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The value of customs duties paid by UK businesses increased by 64% to £4.5 billion in the 12 months to 31st January, revealing the full impact of post-Brexit rules on trade for the first time. One year on from the UK’s departure from the EU’s
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Ireland could become the next country to adopt mandatory digital tax reporting and e-invoicing for businesses. According to reports, the steps are being considered as part of a comprehensive modernisation of the country’s VAT system. B2B Issuing invoices in electronic format is not currently compulsory
From rate changes to new digital taxes, it’s already been a busy start to the month in VAT terms. Take a look at our quickfire round-up of 10 snippets of news from around the world and share them with your tax team. 1) Lithuania The
Nobody ever said tax was easy, although it could be a lot simpler if you invest in the latest solutions to manage everything from determination to reporting. But how do you know your set-up needs an urgent upgrade? A good starting point is our list
‘Garbage in, garbage out’. It’s a phrase we’ve heard used widely among IT professionals when discussing the importance of master data – and we completely understand why. After all, if the raw data entering an ERP system is inaccurate or incomplete, the results it produces
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If your business uses an SAP ERP system and has yet to upgrade to S/4HANA, it’s time to start thinking about the future. That’s because SAP has announced it will end support and maintenance of its legacy ECC platform in 2027 – extending a previous
We may be just a couple of weeks into 2022, but there has already been a raft of important VAT updates, changes and proposals from around the world. To keep you up to speed at the start of the new year, here’s our rundown of
Bespoke tax technology is no longer a ‘nice to have’ for multinational businesses; instead, it has become a non-negotiable for tax teams tasked with delivering optimum performance in areas such as accuracy, data visibility and efficiency. Three factors have combined to place irresistible pressure on
