HMRC has this month started sending letters to UK businesses it believes could come under the scope of the imminent Pillar Two regulations, informing them of the new rules and providing an opportunity for any issues to be clarified in advance. And it’s not just

Whether it’s reduced rates or reclassifications, the summer months are always a busy time for indirect tax updates. Here is our round-up of some of the global headlines relating to VAT, Sales Tax and more in recent weeks: Uruguay The reduced rate of VAT for

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At midnight on 31st May, the UK’s much-anticipated free trade deals with Australia and New Zealand came into effect. Agreements with the two countries are the first to be negotiated from scratch since the UK left the European Union and will transform the way goods

From basmati rice to electric vehicles, we’ve got it all covered in our latest round-up of indirect tax snippets from across the globe. Vietnam A proposal to reduce the standard VAT rate by 2% to 8% has been made by Minister of Finance Ho Duc

From energy to food, governments around the world are cutting VAT on essential items to combat rising inflation. Here are 10 rate changes that have been revealed in recent weeks: Finland The temporary VAT cuts on electricity and public transport have ended. VAT on domestic

In certain industries, including hospitality and transport, some businesses are facing a competitive disadvantage due to “unfair tax treatment” within the platform economy. That’s the view of Carmen Muniz Sanchez, Head of Sector in DG TAXUD’s VAT Policy Unit, who said in a recent interview