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The outbreak of Covid-19 thrust businesses around the world into an extraordinary scenario almost overnight; operations and services that had for decades been fulfilled in the office were suddenly the responsibility of employees working from their dining rooms, sheds or, if they were lucky, home
It’s been another busy week in the world of tax. If you haven’t kept up to date with all the latest changes and updates from around Europe, sit back and take a few minutes to catch up in our weekly round-up of seven headlines you
The International Bureau of Fiscal Documentation (IBFD) is the world’s most prestigious and respected authority on cross-border taxation. For over 80 years, IBFD has been the undisputed global authority on all things tax. Aside from boasting the world’s most comprehensive and curated tax library, the
Just like all businesses, we’re adapting to the ‘new normal’; from marking out exclusion zones around desks and limiting capacity in meeting rooms to supplying our team with enough hand sanitizer to sink a battleship 😉 But, until last week, we hadn’t faced the challenge
This week in the UK, the Chancellor Rishi Sunak announced even more temporary VAT cuts for the hospitality sector from mid-July, from 20% to 5% until early January. Sounds great, right? We scrutinise the scope of the rate changes and the ‘hands-on’ practicalities of implementing
Following a slew of recent rate changes to GB VAT, the Government has today announced a further temporary rate reduction to 5% for the hospitality sector. This afternoon the UK Chancellor of the Exchequer, Rishi Sunak, has announced that there will be an additional set
The UK Government’s department responsible for the collection of taxes, has published its preliminary estimate of the VAT Gap for 2018-2019. According to the HMRC, ‘The ‘VAT gap’ is the difference between the VAT theoretical liability, estimated using national accounts data, and actual cash receipts.’
The pace of change within the world of VAT seems to come in ebbs and flows, with updates cropping up like proverbial buses (all turning up at once). It’s no shock then, that the GCC should be no exception. We’ve put together a summary of
This month marks an exciting new era for Innovate Tax with the appointment of renowned tax expert, Eddie Reijners. Reijners’ addition to the Innovate Tax management team comes as it capitalises on its huge success over the past twelve months in transforming the way indirect
The Bahrain Petroleum Company automates its VAT in partnership with Innovate Tax. The regional oil and gas leader consolidates its position as an important contributor to modern Bahrain’s economy as it invests in finance system upgrades in readiness for the country’s VAT regime, which comes
