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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
Canada boasts one of the most complex Goods and Services Tax (GST) systems in the world, with businesses liable not only for the federal GST but also a host of local taxes in each of the country’s 13 provinces. Take a look at our graphic
With 2021 almost three weeks old, tax authorities around the world have already introduced swathes of new rules, rates and regulations that could affect the way your Finance Team works. Here are five of the most important new regulations announced in recent days: 1) 3
Greece has confirmed a delay to the implementation of its new myDATA portal, which will see e-invoices and e-books become mandatory for businesses in the country. The scheme was due to be introduced on 1st January 2021 but it has now been pushed back to
The Middle East continues to be home to some of the world’s most complex and stringent VAT laws, making compliance a must for all businesses. We’ve rounded up five of the top talking points from the first few days of 2021: 1) Saudi Arabia’s new
Poland has announced it will implement an e-invoicing system to facilitate smooth business-to-business billing, ensure optimum levels of security and increase its ability to identify tax fraud. The country’s Ministry of Finance – National Tax Administration confirmed the move, saying it would be particularly effective
Saudi Arabia operates one of the world’s newest VAT systems, having only adopted the tax on 1st January 2018. Despite the nation implementing a relatively simple set of rules, rates and regulations, many businesses in the region have struggled to implement it effectively over the
It’s been another hectic week in the world of tax, with dozens of countries updating their VAT systems and tax regulations in the run-up to Christmas. We’ve rounded up five of the most important pieces of news from the last seven days: 1) New levy
