Tom Witham, Author at Innovate Tax

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

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

A new year means a new wave of rate and rule changes for VAT, GST and other indirect tax regimes around the world. Here is our quickfire round-up of 24 of the most important updates for your diary in 2024. DATE 01/01/24 01/01/24 01/01/24 01/01/24

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

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Author: Tom Witham