Learn how the rapid pace of change in global regulations and reporting requirements is increasing the importance of tax compliance. Compliance may not be the most glamorous task facing indirect tax (IDT) teams, but the rapid pace of change in global regulations and reporting requirements is turning the humble compliance function into a rapid-fire gauntlet […] … Read More
New regulations in Norway and Romania illustrate further regulatory updates impacting European VAT compliance and reporting obligations as tax authorities push towards digitalisation and greater transparency. Our constant monitoring of VAT legislation ensures that ONESOURCE Indirect Compliance continues to support our clients seamlessly through evolving changes. Below are the specific Norwegian and Romanian VAT changes […] … Read More
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
Last month, I provided an overview of our involvement in the Making Tax Digital (MTD) pilot to date, and the various streams of work we were undertaking to prepare. This month, I will cover an update on the progress, and why you should start thinking about engaging with clients, when the time is right. The pilot has […] … Read More
LONDON, (May 15, 2019) — Thomson Reuters today announced it has formed a strategic partnership with Pagero Group to share Pagero’s e-invoicing and continuous transaction control (CTC) capabilities and Thomson Reuters ONESOURCE tax determination and indirect compliance capabilities. “We are excited to join forces, as we believe that the unique capabilities of both companies and our solutions complement […] … Read More
With Making Tax Digital (MTD) for VAT on the horizon, it is worth giving an update on what is happening with extending MTD to cover other taxes. There have been some changes to the income tax timeline over the last week or so, which have yet to filter widely. This blog covers off what has […] … Read More