Despite going live on 1 July 2021, the European Union’s new value-added tax (VAT) rules, which established the One-Stop Shop (OSS) online portal, still create confusion for online sellers. The latest e-commerce regulations not only impact more business-to-consumer (B2C) companies and transactions, but now demand a more detailed evaluation of your business models. For some […] … Read More

If you are a business-to-consumer (B2C) e-commerce organisation supplying goods that will be imported into the European Union (EU), then you should already be aware of the Import One-Stop Shop (IOSS) rules that came into effect on 1st July 2021, marking an overhaul of the indirect tax regime across the union. These new rules remove […] … 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

As 2021 gets underway, and everyone is looking forward to a brighter year, we took the opportunity to catch up online with Toby Gallington, Head of Germany and Austria, Tax Technology, and Jeroen van Asch, Sales Specialist Nordics, from Thomson Reuters.  We wanted to speak with them about the challenges facing tax professionals, how that […] … Read More

Thomson Reuters has and continues to monitor the regulatory changes the United Kingdom and the European Union imposes as a result of the BREXIT transition period that ended 31 December 2020. There have been and will continue to be various updates impacting the VAT treatments as policies for the UK and EU are updated in […] … Read More

Manufacturers should ask these four questions to focus their Value Added Tax (VAT) tax strategy, avoid VAT overpayments, and control spend. Controlling spend is essential at a time when manufacturers are experiencing an unprecedented level of stress from many directions. Given the amount of change in 2020, one important lesson learned this year is that […] … Read More