As technology advances, so too does the reality of tax authorities wanting to drill into an organisation’s indirect tax processes to assess its compliance and controls. Failure to comply with tax legislation and demonstrate adequate controls can have a range of consequences, including penalties levied by authorities. Having end-to-end value-added tax (VAT) compliance software for […] … Read More
We can certainly agree that 2020 has been a roller coaster of a year so far. Every customer we speak with has their foot to the floor, and our own teams are working very hard helping customers get the best from ONESOURCE Indirect Tax. It’s not often we get to grab a few minutes to […] … Read More
According to the European Commission, EU countries lost an estimated €140 billion in value-added tax (VAT) revenues in 2018. It’s an astounding amount of money, yet through the introduction of digital tax reporting, many tax authorities have started to make positive inroads into recouping VAT payments from businesses. Whether these VAT losses are down to […] … Read More
There are several reasons why businesses may have stalled their deployment of technology solutions for HMRC’s Making Tax Digital (MTD) for VAT. Firstly, the deadline was extended to April 2021 and then the unimaginable happened when COVID-19 struck. However, HMRC has been very clear that there will be no further extensions to MTD for VAT. […] … Read More
Have you ever considered approaching your work a different way – by outsourcing some of your services to someone perhaps more specialised in that area? Opting to sub-contract some of the non accountancy-based work seems to go in and out of fashion in the profession. However, in light of unprecedented technological advancement, have we come […] … Read More
Last month saw our customer conference, SYNERGY 2019, take place in Hinckley, Leicestershire. Both new and seasoned delegates joined us who chose from a range of 60 sessions over the two days. Sessions were tailored toward helping our customers with their daily tasks, and ranged from in-depth tax training, content creation workshops to thought-leadership sessions […] … Read More