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

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

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

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

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