Tax & Accounting Blog

The impact of open banking on auditors

The impact of open banking on auditors

In today’s rapidly evolving financial landscape, open banking has emerged as a game-changer, revolutionising the way financial institutions operate and interact with their customers.  Particularly prominent in the UK, open banking signifies a modernised method of sharing financial information and services through standardised APIs. It encourages collaboration and competition in the financial sector, giving customers […] … Read More

Does your corporate tax department have an effective risk reduction strategy?

Does your corporate tax department have an effective risk reduction strategy?

Most tax professionals know that dealing with forces beyond their control—and the costly disruptions they cause—is a way of life. Unfortunately, many tax departments are feeling a strain on their resources as a result of these events. This, in turn, puts tax departments at greater risk for even more audits and stiffer penalties. This trend […] … Read More

How e-invoicing and continuous transaction controls (CTCs) impact tax teams and compliance efforts: Part 2

How e-invoicing and continuous transaction controls (CTCs) impact tax teams and compliance efforts: Part 2

In the second installment of our three-part series on e-invoicing, we will explore how e-invoicing and continuous transaction control (CTC) regulations impact tax compliance, and examine some of the challenges and considerations that corporate tax teams may encounter. The purpose of this series is to help readers gain a better understanding of e-invoicing so that […] … Read More

What are countries doing to implement <span style=OECD’s BEPS Pillar 2.0?">

What are countries doing to implement OECD’s BEPS Pillar 2.0?

As the Organisation for Economic Co-Operation and Development’s (OECD) ground-breaking Base Erosion Profit Shifting (BEPS) framework for taxing the digital economy is being implemented, countries around the globe are beginning to roll out the second of the OECD’s two BEPS pillars—Pillar 2.0. Pillar 2.0 aims to end the ‘race to the bottom’ on tax rates […] … Read More

How can businesses take advantage of the rules of origin to lower their customs duties?

How can businesses take advantage of the rules of origin to lower their customs duties?

It is no secret that customs duties can be a major source of expense for businesses. By considering the rules of origin under free trade agreements (FTAs), it is possible to reduce the costs of these duties by applying preferential duty rates. Rules of origin refer to regulations that establish the country of origin for […] … Read More

How to achieve global minimum tax compliance with limited resources

How to achieve global minimum tax compliance with limited resources

International tax planning is undergoing enormous change.  By the beginning of 2024, a new Global Minimum Tax (GMT) regime will come into effect under the OECD’s base erosion and profit-sharing initiative. With these newly introduced “Pillar Two” rules, multinational companies with revenues of more than €750 million will have to pay a minimum 15% rate […] … Read More