U.S. Supreme Court lets Colorado sales tax law stand

U.S. Supreme Court lets Colorado sales tax law stand

December 14, 2016, 12:35 am EST in Blog, Enterprise Sales Tax

Final Disposition of DMA v. Brohl Litigation Could Pave the Way for Vendor Notice Rules.On December 12, 2016 the United States Supreme Court denied certiorari to review the Tenth Circuit’s holding in Direct Marketing Association v. Brohl, No. 12-1175 (10th Cir. Feb. 22, 2016). By denying cert the Court essentially...

Criminal Finances Act Expands Scope of Corporate Criminal Liability

Criminal Finances Act Expands Scope of Corporate Criminal Liability; Has Significant Implications for Financial Services Providers

December 13, 2016, 8:00 am EST in AEOI Reporting, Blog

Financial Institutions grappling with the advent of the Common Reporting Standard (CRS) will need to stay abreast of another important piece of new UK legislation that will come into force at the same time next year and which will be a further test of their compliance procedures and systems.The Criminal...

HMRC Updates Financial Institutions - AEOI Event

HMRC Updates Financial Institutions on Progress Made Towards Implementing Common Reporting Standard in the UK

December 9, 2016, 11:29 am EST in AEOI Reporting, Blog

With one month to go before the Common Reporting Standard (CRS) comes into force in the UK, delegates attending the 3rd Sovos AEOI Networking Event welcomed the opportunity to question a speaker from the HMRC on the progress being made and hear what the financial regulator might be expecting from...

VAT country by country news summary for December 2016

VAT country by country news summary for November 2016

December 5, 2016, 4:13 pm EST in Blog, Value-Added Tax

Welcome to our monthly summary of Value Added Tax news and insights curated and summarized by the Sovos Compliance Tax Research Team. Here is the country-by-country report for November 2016. European Council Adopts Conclusions on Cross-Border VAT Rules On November 8, 2016, the Council of the European Union officially adopted a set...

New DC PaintCare Fees Complicate U.S. Paint Stewardship Compliance

December 2, 2016, 8:00 am EST in Blog, In the News

Effective November 1, 2016, the District of Columbia (DC) is imposing a paint recovery fee (also known as a PaintCare fee) on qualifying architectural paint products. This new PaintCare fee will make compliance slightly more difficult for paint retailers accustomed to the current size-based product fee structure. History PaintCare fees are nothing...


IRS is Extending ACA Filing Deadline and Good Faith Compliance Standard

November 21, 2016, 11:46 am EST in Affordable Care Act, Blog

The Internal Revenue Service (IRS) made two important announcements regarding the information reporting requirements imposed under the Affordable Care Act (ACA) in Notice 2016-70, released on November 18, 2016. Specifically, the IRS announced:That it was extending the due date for furnishing statements to recipients (Forms 1095-B and 1095-C) That...

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VAT in a Digital Age Event Wrap-up: SAF-T, Transparency, and Data Analysis Trends in VAT Compliance

November 16, 2016, 4:11 pm EST in Blog, Value-Added Tax

Thank you to all who attended our third “VAT Compliance in a Digital Age” event on November 3 at the beautiful Sofitel - Legend the Grand in Amsterdam. The standing-room-only gathering included an interactive discussion focused on the digital developments around SAF-T reporting.Our guest speaker, Daniel Kroesen from Ernst &...