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The UK government has initiated a 12-week public consultation to explore the standardisation and potential mandatory adoption of e-invoicing for B2B and B2G transactions. This initiative, led jointly by HM Revenue & Customs (HMRC) and the Department for Business and Trade (DBT), aims to gather
On 12th February, the EU Parliament delivered a decisive nod to the VAT in the Digital Age (ViDA) reforms. This landmark approval follows a November 2024 political agreement reached by Finance Ministers across member states. The reforms aim to modernise VAT administration, streamline digital reporting,
Greece is emerging as a leader in combating VAT fraud through innovative digital solutions like electronic reporting, e-invoicing, and the promotion of electronic transactions. These methods are proving highly effective in reducing VAT fraud and reducing the country’s previously substantial VAT gap; offering a blueprint
The Luxembourg government has introduced VAT bill 8406, which proposes the implementation of two key European Directives starting from 1st January 2025. This legislation introduces important changes affecting various business sectors, including small enterprises, virtual events and the art industry. These adjustments aim to simplify
Did you know there are more than 100,000 Sales Tax rates in place across the US? Compare that to the UK, where most companies can reasonably expect to leverage between just three and ten rates to cover their full range of business activities (although we
