Tom Witham, Author at Innovate Tax

July 2024 tax headlines: Global tax news

Here is our round-up of all the hottest tax snippets from July 2024 – featuring news of rate changes, regulatory updates and reclassifications. Spain The temporary zero rating of basic food items – including bread, milk, flour, cheese, fruits, vegetables and cereals – has been

VAT in the Digital Age approval not yet reached; new timetable for implementation emerges

EU countries have yet to reach an agreement on the proposed implementation of the bloc’s flagship VAT in the Digital Age (ViDA) scheme, despite a compromise measure being considered at the most recent meeting of the Economic and Financial Affairs Council (ECOFIN). Estonia has previously

A guide to VAT in Ireland

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The future of French e-invoicing – and why lack of master data ownership is a risk for businesses

Had the original implementation timetable been adhered to, businesses would currently be going through the final preparations for the introduction of mandatory B2B e-invoicing in France on 1st July 2024. That was until July 2023 and the French government’s announcement that it had delayed the

June 2024 tax headlines: Latest from the world of VAT and GST

As we head towards the summer, many countries across Europe, Asia and beyond are implementing VAT rate and rule changes as a lever for driving their individual economic goals. Here’s our round-up of just a few of the key updates from recent weeks: Netherlands The

Spain’s B2B e-invoicing plan given EU approval

Mandatory B2B e-invoicing has moved one step closer to being introduced in Spain after the European Commission gave its backing to the country’s plans this month. Spain’s draft legislation, Ley Crea y Crece, aims to stimulate economic growth by making it easier to create and

Tackling the EU VAT gap: How authorities are uncovering more fraudulent transactions than ever before

The fight against VAT fraud continues apace, with new statistics from Eurofisc revealing it uncovered a record €12.7 billion of fraudulent or suspicious transactions across the EU in 2023. Eurofisc, founded in 2010 specifically to combat cross-border VAT fraud and comprised of all EU member

A guide to VAT in the UK

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Latest global tax headlines: May updates and announcements

Whether you’re interested in indirect tax or e-invoicing, take a look at our round-up of the latest headlines from around the world this month. Germany The VAT rate on gas and electricity has been returned to 19%, following a period of global energy price pressures

Innovate Tax unveils revolutionary tax data management suite TaxMaster™

BOGNOR REGIS, UK – 16 APRIL 2024 Innovate Tax today announces the launch of its new, unique offering for enterprise IT and tax teams, TaxMaster™; a master data cleansing service designed to drive global compliance in the era of tax digitalisation. TaxMaster™ incorporates a three-stage

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Author: Tom Witham