The MTD pilot continues to progress, and we are nearing the time when the first quarterly submission can be made to HMRC. Whether you are taking part in the pilot or not, it may feel like mandation in 2023 is a long way off. Although nearly two years away, it’s not too soon to start thinking […] … Read More
The 2020 Self Assessment filing season was an unusual one. It started under lock down, with the challenges of remote staff working and receiving client information, and ended with a last minute extension. During it all, back in July, MTD (Making Tax Digital) mandation from April 2023 was quietly announced. At Thomson Reuters we have […] … Read More
Indirect tax departments large and small are in constant need of accurate tax data analytics to comply with ever-evolving global tax regulations. What’s changed is the speed these requirements have come into effect. Historically, manual data analysis – time permitting – has been the only option for corporate indirect tax professionals. Still, advances in data […] … Read More
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
According to the European Commission, EU countries lost an estimated €140 billion in value-added tax (VAT) revenues in 2018. It’s an astounding amount of money, yet through the introduction of digital tax reporting, many tax authorities have started to make positive inroads into recouping VAT payments from businesses. Whether these VAT losses are down to […] … Read More
There are several reasons why businesses may have stalled their deployment of technology solutions for HMRC’s Making Tax Digital (MTD) for VAT. Firstly, the deadline was extended to April 2021 and then the unimaginable happened when COVID-19 struck. However, HMRC has been very clear that there will be no further extensions to MTD for VAT. […] … Read More