Last week, Her Royal Majesty’s Revenue and Customs (HMRC) announced the opening of a consultation period regarding the current legislation for the “Making Tax Digital” initiative, which is slated to take effect from April 2019.
In its announcement, HMRC provided links to summaries regarding the current content of related legislation, and alerted consumers that they have until November 10, 2017 to submit comments to the Customs Office. The notice provides significant guidance on the current stance of the “Making Tax Digital” legislation and the potential impacts to both direct and indirect tax regimes in the United Kingdom.
UK HMRC Opens Consultation for Further “Making Tax Digital” Legislation
Sovos
September 20, 2017
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Sovos
Sovos was built to solve the complexities of the digital transformation of tax, with complete, connected offerings for tax determination, continuous transaction controls, tax reporting and more. Sovos customers include half the Fortune 500, as well as businesses of every size operating in more than 70 countries. The company’s SaaS products and proprietary Sovos S1 Platform integrate with a wide variety of business applications and government compliance processes. Sovos has employees throughout the Americas and Europe, and is owned by Hg and TA Associates.
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