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As manufacturers learn to operate in an uncertain environment, they must understand how rapidly changing EU VAT complexities impact their business operations. Non-EU based manufacturers have especially high audit exposure – a risk that only grows with expansion. Additionally, manufacturers making the ecommerce push must remain vigilant to stay compliant.
Insurance Premium Tax (IPT) can be complex with fragmented rules and requirements levied by the many different tax authorities in the jurisdictions where this tax applies. This only adds to the challenges faced by finance teams when calculating and settling IPT accurately and on time.
France – Mandatory B2B e-Invoicing 2024 Faced with a VAT gap of nearly €13 billion, France is introducing mandatory e-invoicing for business-to-business (B2B) transactions from 2024, as well as e-reporting of additional data types. Applying to all companies established or, for e-reporting, VAT-registered in France, this new mandate is complex. It will also require significant […]