A recent report issued by the European Parliament highlights the administrative challenge and cost of VAT compliance. As the report by the European Parliamentary Research Service points out: “European Commission surveys constantly report that the current EU tax system and
The UK government has issued new guidance on extending Making Tax Digital (MTD) to all VAT registered businesses. From 1 April 2022, VAT registered businesses that are not already obliged to operate MTD must comply with MTD rules. In order
Businesses registered for VAT in Norway need to ensure they have appropriate digital processes in place before the new year begins. Norway is replacing manual VAT returns with electronic VAT returns from 1 January 2022. Businesses will manage Norway’s new
Vatglobal’s smart VAT compliance technology automatically error-checks your supporting documentation and eliminates the human error that’s all but inevitable in manual VAT processing. It’s not just more efficient. As the UAE’s new VAT penalties demonstrate, errors on your VAT submission
Saudi Arabia is imposing mandatory e-invoicing from 4 December 2021. Companies operating in Saudi Arabia will have to prepare XML invoices and clear them through the tax authority’s digital system. To help businesses prepare for the new requirements, Saudi authorities
The UK’s Making Tax Digital programme came into effect in 2019. MTD mandates that firms must keep digital records and submit their VAT returns electronically. The UK government has since implemented the more extensive MTD Phase 2. MTD2 has more
Communicating with multiple VAT agents is frustrating and inefficient. On the other hand, adopting a digital centralised portal will transform your company’s VAT compliance process. It’s one elegant platform for all your global VAT compliance obligations. The multiple VAT agent
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
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 public cloud services market is
Watch Gareth Kobrin, CEO of VATGlobal & Abbey Heller, of SAP Concur, discuss the upcoming Making Tax Digital deadline.