A recent Deloitte survey found that 73% of companies used Microsoft Excel to prepare VAT returns. Yet in our European Tax Technology Survey, only 11% of businesses believed they can still rely on manual processes and spreadsheets. Couple this information with the fact that Microsoft recently stopped support for Windows 7 and will cease mainstream […] … Read More

Digital Transformation is more than a buzz word, it’s become the norm. A culmination of artificial intelligence (AI) and business intelligence (BI) that’s now a reality across all industries and society. This digital revolution has (and continues to) create new roles, behaviours and indeed new sectors, such as digital security and data science. So, it’s […] … Read More

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

The 2019 Tax Technology Leadership Summit in London, revealed further indicators about how corporate tax teams are adapting now that the reality of increased regulation, and the impact of more digitally capable tax authorities are starting to bite. Highlights from the 2019 European Tax Technology Survey, which was released the same day also show that: […] … 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

On April 28, 2017, France issued Decree No. 2017-672, ratifying the OECD Multilateral Competent Authority Agreement for the Automatic Exchange of CbC reports (“CbC MCAA”), which was signed in Paris on January 27, 2016. On October 1, 2016, France implemented the CbC reporting requirements introduced in the 2016 Finance Act, which will apply for fiscal […] … Read More