UK authorities have clarified the penalty for failing to pay deferred VAT by the 30 June 2021 deadline. HMRC previously explained that businesses that deferred VAT between 20 March 2020 and 30 June 2020 had two options to avoid penalties.
Australia is introducing mandatory e-invoicing for government agencies by July 2022. The Australian government says they are consulting on making e-invoicing mandatory across all levels of government and by business. The e-invoicing initiative is part of a broader digital effort
Italian tax authorities are investigating travel website Booking.com for widespread tax evasion, according to reports. Genoa police suspect the company has evaded tax to the value of over €150 million. Some reports put the figure as high as €700 million.
Over 50% of British businesses filed their VAT returns late in 2020, according to a new report. According to the report, the rate of late VAT returns was 13% higher than the previous year. Failing to submit a valid VAT
Authorities have extended the deadline for UK-based taxpayers to appoint a tax representative in Portugal. The new deadline to appoint a representative is now June 2022. Who needs a tax representative? By law, all taxpayers resident outside of the EU
The new EU e-commerce One Stop Shop greatly simplifies VAT compliance for online retailers. E-commerce businesses that operate in Hungary have an additional reason to consider the OSS. By using the OSS, sellers can bypass the potentially complex requirements of
The new EU e-commerce VAT package aims to simplify VAT compliance for online sales to customers in the EU. But how do the rules affect Northern Ireland? For instance, the new One Stop Shop (OSS) enables e-commerce businesses to account