Tax & Accounting Blog

Is your e-commerce business ready for the new Import One-Stop Shop EU VAT rules? Tips for tax compliance

Is your e-commerce business ready for the new Import One-Stop Shop EU VAT rules? Tips for tax compliance

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

Avoid incorrect tax calculations and protect your organisation

Avoid incorrect tax calculations and protect your organisation

Automate tax calculation and overcome the complexities that accompany your global footprint. For businesses of all sizes, calculating indirect taxes correctly isn’t just a matter of getting the maths right – it’s vital to the health of the organisation. Inaccurate tax calculations can be costly and can inhibit an organisation’s ability to plan, grow and […] … Read More

How indirect tax technology can shape tomorrow’s tax departments

How indirect tax technology can shape tomorrow’s tax departments

2020 has been a very different year compared to what we all expected. From an indirect tax perspective, the phase two deadline of MTD for VAT was on the horizon for 2020. Planning for Brexit, whilst uncertain, was definitely on the radar. The pandemic upended all of this and took everyone into a daunting and […] … Read More

Phase two of MTD will require digital links and an uninterrupted digital journey

Phase two of MTD will require digital links and an uninterrupted digital journey

HMRC’s Making Tax Digital (MTD) is about more than just introducing new rules; it’s about the digital transformation of tax. This agenda is creating a new, digitalised tax environment beyond indirect tax that all businesses will need to navigate going forward. It presents many opportunities for management through a new line of sight across the […] … Read More

End-to-end VAT lifecycle software is the backbone of digital tax reporting

End-to-end VAT lifecycle software is the backbone of digital tax reporting

As technology advances, so too does the reality of tax authorities wanting to drill into an organisation’s indirect tax processes to assess its compliance and controls. Failure to comply with tax legislation and demonstrate adequate controls can have a range of consequences, including penalties levied by authorities. Having end-to-end value-added tax (VAT) compliance software for […] … Read More

Ask the expert: Gunjan Tripathi discusses the role of the modern indirect tax professional and the worldwide trend towards digital tax reporting

Ask the expert: Gunjan Tripathi discusses the role of the modern indirect tax professional and the worldwide trend towards digital tax reporting

We can certainly agree that 2020 has been a roller coaster of a year so far. Every customer we speak with has their foot to the floor, and our own teams are working very hard helping customers get the best from ONESOURCE Indirect Tax. It’s not often we get to grab a few minutes to […] … Read More