Tom Witham, Author at Innovate Tax

The future of French e-invoicing – and why lack of master data ownership is a risk for businesses

Had the original implementation timetable been adhered to, businesses would currently be going through the final preparations for the introduction of mandatory B2B e-invoicing in France on 1st July 2024. That was until July 2023 and the French government’s announcement that it had delayed the

June 2024 tax headlines: Latest from the world of VAT and GST

As we head towards the summer, many countries across Europe, Asia and beyond are implementing VAT rate and rule changes as a lever for driving their individual economic goals. Here’s our round-up of just a few of the key updates from recent weeks: Netherlands The

Spain’s B2B e-invoicing plan given EU approval

Mandatory B2B e-invoicing has moved one step closer to being introduced in Spain after the European Commission gave its backing to the country’s plans this month. Spain’s draft legislation, Ley Crea y Crece, aims to stimulate economic growth by making it easier to create and

Tackling the EU VAT gap: How authorities are uncovering more fraudulent transactions than ever before

The fight against VAT fraud continues apace, with new statistics from Eurofisc revealing it uncovered a record €12.7 billion of fraudulent or suspicious transactions across the EU in 2023. Eurofisc, founded in 2010 specifically to combat cross-border VAT fraud and comprised of all EU member

A guide to VAT in the UK

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Latest global tax headlines: May updates and announcements

Whether you’re interested in indirect tax or e-invoicing, take a look at our round-up of the latest headlines from around the world this month. Germany The VAT rate on gas and electricity has been returned to 19%, following a period of global energy price pressures

Innovate Tax unveils revolutionary tax data management suite TaxMaster™

BOGNOR REGIS, UK – 16 APRIL 2024 Innovate Tax today announces the launch of its new, unique offering for enterprise IT and tax teams, TaxMaster™; a master data cleansing service designed to drive global compliance in the era of tax digitalisation. TaxMaster™ incorporates a three-stage

Latest global tax headlines: Rate changes past, present and future

In the month that VAT celebrates its 70th birthday, we’ve rounded up 12 of the latest rate change announcements from around the world. Croatia Croatia’s reduced VAT rate for heating will remain in place until 31st March 2025. The 5% rate (down from the usual

5 signs it’s time for your business to seek a tax solution review

We often hear from tax professionals around the world who continue to proceed with major investments in their failing tax solution, despite being only too aware of its limitations. However, no matter how much you spend there is no guarantee that things will improve. In

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

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Author: Tom Witham