It’s easier than ever to incur VAT obligations, especially if you operate in multiple markets. If your business generates turnover in excess of the threshold set by your local tax authorities, you will need to account for VAT. Moreover, if you
VAT is complex. Managing VAT compliance at a global level is exponentially more complex. But there’s more to it than that. VAT compliance is specialised. There are numerous rules and regulations and exceptions. Those regulations are constantly changing. You need
Should you outsource your VAT compliance to multiple providers or is it better to choose a one stop shop for all your VAT compliance needs? To answer the question, let’s start by asking why you would be outsourcing your VAT
Without the correct data and tax codes, a successful VAT return is impossible. Period. But so many companies across the globe are getting this wrong. Succesful VAT compliance comes down to data. And not just any data; digital data. To
Despite the fact that VAT compliance is an extremely administrative and complex process it can be managed inhouse. In fact, DIY VAT compliance has never been easier in a world that has so many digital platforms that offer efficient automation
There comes a point in every international tax manager’s career where they need VAT registrations and have to explore their options. When choosing the way forward, it’s important to think it through and choose the right structure that best suits
Germany has changed the due date of import VAT, a move that will provide welcome cash flow relief to importers. Previously, taxable persons had to pay import VAT within ten days of the import. The Second Corona Tax Aid Act
UK businesses are exempt from VAT in many types of B2C transactions with customers outside of the UK. VAT exemptions apply to several services provided to non-UK customers, including advertising, financial services and consulting. However, the VAT exemption did not
The EU created the concept of the reverse charge mechanism to make it easier for both sellers and buyers to account for the VAT correctly without requiring foreign VAT registrations or having to go through the arduous process of cross-border