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Across hundreds of ERP systems reviewed by Innovate Tax, one common thread keeps surfacing: manual tax logic is still prevalent everywhere. Hard-coded rules, spreadsheet-based workarounds, override dependencies, and tax condition sets that haven’t been touched since go-live. On the surface, it works. The tax is
Indirect taxes, such as VAT, GST, or Sales and Use Tax, are designed to be efficient and broad-based. In practice, however, compliance can be highly complex, and even minor missteps can lead to severe penalties and unexpected financial consequences. Where compliance is most challenging: Brazil
When it comes to food, we all love a good debate—pineapple on pizza, tea before milk, or milk before tea. But for food companies in the UK, the arguments don’t stop at dinner tables; they extend to courtrooms, where the stakes involve millions in tax
Many countries across the globe are working to achieve full digitalisation of critical finance processes – and for dozens of nations, this currently involves rolling out new e-invoicing mandates. Think of e-invoicing as the bridge between businesses and the tax authority. It standardises how invoices
Donald Trump has once again put tariffs and VAT policies at the centre of his trade agenda. The US President signed a memo earlier this month in which VAT was mentioned as one of the “unfair, discriminatory and extraterritorial taxes” he plans to tackle. His
The landscape of tax administration is evolving rapidly, accelerated by digital technology. To explore, analyse and advance the trend of tax digitalisation, the Asian Development Bank (ADB) and the Digital Economy Taxation Network are bringing together some of the most experienced and globally-recognised experts for
When it comes to tax technology, selecting the right implementation partner is critical. Businesses that recognise the cost of not having automation have already taken the first step towards operational efficiency. However, this is only the beginning. Once the decision to implement an automated tax
Why you need to validate your TRN numbers In many parts of the world, including the EU, validating your VAT registration numbers is not just good practice – it’s a legal requirement. VAT numbers, also referred to GST Registration Number (GRN) or Tax Registration Number
The UK’s HM Revenue and Customs (HMRC) has issued updated guidance on how businesses based in Northern Ireland or elsewhere can register and report their B2C sales of goods to the European Union (EU) through the EU’s One-Stop Shop (OSS). This new guidance is particularly
