Tom Witham, Author at Innovate Tax

Germany to mandate B2B e-invoicing from 2025

Germany will introduce mandatory domestic B2B e-invoicing from 2025, marking the latest milestone in the country’s journey towards full tax digitalisation. The Growth Opportunities Act, comprised of a range of measures (including e-invoicing) designed to drive economic growth, was passed by the Bundesrat last week

Tax master data: What is it and why does it matter?

The management of tax master data has never been as important as it is right now. In the era of digitalisation, tax data is widely recognised as an essential component of any tax setup; helping to power efficient and reliable determination, reporting and compliance. But

O5Live organisers announce new 5Live Events partner alliance for Oracle users

Organisers of O5Live, the UK’s leading event for Oracle business users have announced the creation of a new company, 5Live Events. 5Live Events will host a calendar of in-person and digital events, including its flagship O5Live conference in London in June, and launch a unique

10 countries set to mandate B2B e-invoicing: Are you ready to comply?

As tax authorities strive to reduce their national VAT gaps, the mandating of e-invoicing continues across the world at a rapid pace. Chile became the first country to introduce e-invoicing in 2001 and Italy brought the system to Europe in 2014. Today, more than 100

March 2024: 15 headlines from the world of indirect tax

As the new financial year approaches, it’s been a busy time for VAT and other indirect tax news and rate changes. Take a look at our latest round-up of all the key updates announced in recent weeks. Azerbaijan Several new VAT exemptions have been introduced

Belgium approves mandatory B2B e-invoicing

Belgium is the latest European country to approve legislation that will see B2B e-invoicing become mandatory from 1st January 2026. The Chamber of Deputies passed a bill on 1st February that sets out details of the adoption of a system based on the structured electronic

Tax master data management: 5 reasons it should be your priority in 2024

In the era of digitalisation, tax master data has been catapulted to the top of the list of priorities for global tax teams. Whereas most people’s impression of data was once defined by vast, manual databases that were almost impossible to navigate or refine, in

February VAT news: 10 updates from around the world

Following a raft of changes to VAT rates and regulations on 1st January, the opening weeks of 2024 have continued to see a plethora of indirect tax updates announced around the world. Here is our quickfire round-up of 10 of the headlines you need to

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

E-invoicing is the talk of the finance fraternity right now, but what does 2024 have in store for tax teams seeking to ensure compliance with all the latest regimes and rules? We've provided a quick round-up to 10 countries where e-invoicing is very much on

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Author: Tom Witham