You’ve probably now got systems in place to support remote working, but now what? How should teams manage their day to day tasks in a remote environment? At Thomson Reuters, we remote work to a large extent – we have staff who are 100% remote, and most office-based employees split their time between office and […] … Read More
The MTD pilot continues to progress, and we are nearing the time when the first quarterly submission can be made to HMRC. Whether you are taking part in the pilot or not, it may feel like mandation in 2023 is a long way off. Although nearly two years away, it’s not too soon to start thinking […] … Read More
If you are making your way through your own tax transformation journey, then you may be interested in the on-demand version of a recent webinar. The “Tax transformation: Steps to leverage your tax digitisation journey” discussion took place on 26 May and explored the journeys through indirect tax transformation experienced by a global group of panellists from the EU and USA. Who were the speakers? Byron King, Director Professional Services, Thomson Reuters, hosted […] … Read More
The 2020 Self Assessment filing season was an unusual one. It started under lock down, with the challenges of remote staff working and receiving client information, and ended with a last minute extension. During it all, back in July, MTD (Making Tax Digital) mandation from April 2023 was quietly announced. At Thomson Reuters we have […] … Read More
How can manufacturers maximise VAT recovery with indirect tax automation software? Recovering as much value-added tax (VAT) as possible is a sound business practice for multinational manufacturing companies. VAT rates are typically much higher than the consumption tax rates in the US. For example, Hungary has a 27% VAT rate, the highest in Europe. VAT […] … Read More
Procure-to-pay (P2P) tax determination helps manufacturers reduce Value Added Tax (VAT) exposure and avoid wasting money through overpaid input tax Many manufacturers use a procure-to-pay (P2P) digital procurement system to help them extract the most value from their procurement spend. But they’re often overlooking a significant aspect of that spend: the rules around accounting for […] … Read More