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As the end of the financial year approaches for many, it’s a predictably hectic period in the world of tax. Here are 10 of the latest updates from around the globe: 1) Monaco introduces 0% VAT rate on Covid-19 vaccines Monaco has published a new
One of the standout announcements in Rishi Sunak’s Budget last week was the creation of eight new freeports in England. The Chancellor confirmed the locations of the freeports and said they will help the UK economy to bounce back from the pandemic. But what exactly
There are just a few days remaining before the new VAT domestic reverse charge (DRC) is applied to building and construction services in the UK. From 1st March, businesses supplying or receiving certain services within this sector (including both suppliers and customers) will need to
Our tax technologists speak to tax professionals around the world on a daily basis, so it’s no surprise they are asked a huge number of questions spanning a range of topics. In this special Q&A, we’ve picked some of the questions our team have been
It can be tough to stay up to date with all the latest rates, rules and regulations from around the world, especially with new changes announced on a daily basis as governments battle the economic consequences of the pandemic. In our latest round-up, we’re sharing
Over the last decade, we’ve met plenty of finance professionals from businesses around the world who see tax determination as a simple, straightforward task. ‘My ERP will manage that, right?’ Well, we might be biased, but having implemented our automated tax solution for over 100
Recent reports suggest an online sales tax could soon be introduced in the UK to help HM Treasury increase revenue as it seeks to balance the books following a period of record-breaking borrowing. What is the online sales tax? Initial reports indicate the online sales
It’s been another busy week in the world of tax, with countries around the globe continuing to change rates and rules as they seek to mitigate the impact of the pandemic as well as start to plot a route back to normality. Here are nine
The University of Worcester has selected Innovate Tax to implement an enhanced version of its award-winning tax determination solution within its Oracle Cloud ERP to automate the processing of all its tax transactions. The tax technology specialist will work with the university to replace its
