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
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 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 rapidly evolving PaaS (Platform as a Service) industry has experienced significant growth in recent years as more organisations look to leverage the potential of cloud capabilities with agility and flexibility. For example, the worldwide
Written by Kajal Shah It’s been interesting to witness the pace at which new indirect tax compliance terminology and buzz words crop up. Phrases like: real-time tax reporting, e-invoicing, pre- approval of invoices, pre-populated VAT
