Although there are no financial reporting requirements that relate specifically to Brexit, companies are required to disclose information such as key assumptions about the future, and other key sources of estimation uncertainty and the possible impairment of assets.  The impact of Brexit will therefore vary from industry to industry and business to business: those with […] … Read More

Indirect Tax A particular concern from an indirect tax perspective is that, depending on the terms of future trade agreements and the implementation of a transitional period, the UK may see the rate of duty rise. This would subsequently impact the total costs to the business. Additionally, EU-imposed statistical reporting and supplementary filings such as […] … Read More

Data security and IT approval feature high on the list of tech priorities. Given the level and depth of legislation such as General Data Protection Regulation (GDPR), it’s no wonder that tax teams are seeking to take the initiative when it comes to controlling how their data is managed”- Steven Smith, Director of Product Management […] … Read More

With only a year to go until Britain leaves the EU in March 2019, the next few months are increasingly focused on the transition into a post-Brexit landscape. At Thomson Reuters we have been running a quarterly CFO survey to understand the impacts of Brexit on various industries across the UK.  The results indicate that […] … Read More

We received numerous impressive nominations for our inaugural European Taxologist Awards – a celebration for what we sometimes call ‘Tax Pioneers’ across the continent – but we had to pick winners, which were all announced this week at SYNERGY 2017 on Thursday 19 October. Tax Technologist of the Year First up, the winner of ‘Tax […] … Read More

On August 1, 2017, Greece published Law No. 4484 (the “Law”) in the Government newspaper, The Hellenic Democracy. The Law implements EU Directive 2016/881 (amending Directive 2011/16, which was previously amended by Directives 2014/107 and 2015/2376) on the mandatory automatic exchange of tax information (e.g., country-by-country (CbC) reports) into domestic legislation. See BEPS Action 13. […] … Read More