New EU rules introduced to tackle VAT fraud
Tax authorities will be able to more easily identify and crack down on VAT fraud following the introduction of new European Union (EU) rules. A new system of enhanced transparency came into force on 1st January 2024, allowing national tax administrations greater access to payment
The rise of e-invoicing: 10 countries set to introduce new requirements in 2024
Online platforms must share more tax data with HMRC
Online platforms in the UK are now legally required to report the amount of income sellers are generating via their systems, following the introduction of new HMRC rules that came into effect on New Year’s Day. Leading marketplaces such as Airbnb, eBay and Vinted are
A guide to Brazil’s major VAT reforms
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24 rate and regulatory changes to look out for in 2024
Digital transformation: Spot the Difference
It’s an all-too-familiar scene. Your business is ready to embark on a digital transformation project, but the Tax Team is being left out of important meetings and unable to contribute to strategic decisions. To highlight the dangers of such a scenario, we’ve created a festive
Innovate’s 2023 VAT Crossword
Test your knowledge of the indirect tax landscape in our Christmas VAT crossword. From the details of the proposed ViDA reforms to your knowledge of everything from imports to VAT returns, we hope you enjoy the challenge!
Turkey abolishes right of businesses to deduct import VAT under certain measures
Businesses importing goods into Turkey will no longer be able to deduct import VAT in certain circumstances following a new presidential decree. The decree was published in the Official Gazette and states that deductions made under some trade policy measures are no longer valid. It
Innovate Tax’s 2023 Big VAT Quiz of the Year
Welcome to our Big VAT Quiz of the Year; your chance to test your knowledge of all the news and updates from the indirect tax industry in 2023. From rate changes to regulatory revolution – not to mention a number of bizarre rulings – it’s