Value Added Tax
An Introduction to EU VAT
Nearly every major economy has a form of VAT. That’s 165 countries, each with its own compliance and reporting rules. The main exception is the
Category: Value Added Tax
Value Added Tax
VAT in the Digital Age: Mandatory e-reporting and e-invoicing for EU Intra-Community Transactions
The European Commission has announced its long-awaited proposal for legislative changes in relation to the VAT in the Digital Age (ViDA) initiative. This is one of
Value Added Tax
Manage Your Mandates Before They Begin Managing You
It’s a good year to be an IT leader. After far too many years of the phrase “do more with less” being the mantra of
Value Added Tax
The Red Phone is Ringing and IT Needs to Answer the Call – Five Things to Know
It might not quite be THAT red phone that’s ringing, but rest assured, management is currently dealing with a serious problem, and they are looking
Tax Compliance
Invoicing in Chile – foreign currency exchange operations
Invoicing in Chile is changing on 1 December 2022. This is when resolution 66 from the Chile Internal Revenue Service comes into force. This new
Value Added Tax
VAT Exempt Supplies: Selling under Ex Works Clause
A recent preliminary ruling request to the European Court of Justice, Case C-664/21, NEC PLUS ULTRA COSMETICS, has re-emphasised the importance of collecting documentation when
Value Added Tax
The Data Partner You Didn’t Ask for is Now in Charge
Imagine this scenario. Your business partner changes the rules on you mid-stream and your ability to conduct business with them is now contingent on changing
Electronic Invoicing
French CTC Regime: How to Comply as a Service Provider and Taxpayer
France is implementing a decentralised continuous transaction control (CTC) system where domestic B2B e-invoicing constitutes the foundation of the system, adding e-reporting requirements for data
Value Added Tax
Expert Series Part IV: New Roles for IT in the Wake of Expanding Global Mandates
Part IV of V – Ryan Ostilly, vice president of product and GTM strategy EMEA & APAC, Sovos Click here to read part III of
Value Added Tax
Expert Series Part V: New Roles for IT in the Wake of Expanding Global Mandates
Part V of V – Christiaan Van Der Valk, vice president, strategy and regulatory, Sovos Click here to read part IV of the series. Government-mandated
Value Added Tax
Expert Series Part III: New Roles for IT in the Wake of Expanding Global Mandates
Part III of V – Eric Lefebvre, chief technology officer, Sovos Click here to read part II of the series. Government-mandated e-invoicing laws are making
Value Added Tax
Expert Series Part II: New Roles for IT in the Wake of Expanding Global Mandates
Part II of V – Oscar Caicedo, Vice president of product management for VAT Americas, Sovos Click here to read part I of the series.
Value Added Tax
Expert Series Part I: New Roles for IT in the Wake of Expanding Global Mandates
Part I of V – Steve Sprague, chief commercial officer, Sovos Government-mandated e-invoicing laws are making their way across nearly every region of the globe,
Value Added Tax
6 Things to Consider When VAT Rate Changes Occur
In recent months, we’ve been helping clients with VAT rate changes within and beyond the EU. The reason for these VAT rate changes ranges from
Value Added Tax
VAT Retail Export Scheme – Tax Free Shopping is not Returning
Update: 19 October 2022 Since taking up his new duties as Chancellor of the Exchequer on 14 October, Jeremy Hunt has reversed the previous mini-budget
Value Added Tax
New UK Penalties and VAT Interest Charges in 2023
HMRC has announced a new penalty regime to replace the default surcharge regime for VAT periods starting on or after 1 January 2023. The new
Value Added Tax
Virtual Events and the Risk of Double Taxation
When organising a virtual event, it’s important to determine how this supply will be treated for VAT purposes. We have previously discussed VAT rules and
Value Added Tax
Supply of Digital Services Abroad: What to Consider
The expansion of the Value Added Tax (VAT) and Goods and Services Tax (GST) indirect tax to include business to consumer (B2C) sales of digital