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How VAT Calc eliminated tax codes
Tax codes are used to communicate VAT calculations and reporting between systems. But are they essential if they’re slowing down implementations, and driving-up installation and maintenance costs? There is a lot to love about VAT Calc’s single application for global VAT and GST calculations and
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VAT TV: 2022 EU-UK VAT & Customs divergence
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VAT TV Feb 2022 global news & views
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VAT TV: 2022 top 10 global developments
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VAT TV: 2022 EU-UK VAT & Customs divergence
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Crowdfunding VAT issues
Whilst still a small slice of the sharing economy, crowdfunding is one of the fastest growing areas of this economy and, as a financial services activity, has its own unique VAT issues. This blog is part of series from an article first published in British Tax review.
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OECD marketplace operators obligations to match EU DAC 7
The Organisation for Economic Cooperation and Development (OECD) has issued optional guidance for countries on their requirements for reporting taxable transactions of goods and ride sharing / rental of transport. This adds to the OECD’s 2020 guidance on the reporting gig economy services offered via
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Death of the VAT return
Tax authorities migrating from VAT returns to digital reporting requirements, including e-invoices, SAF-T, Control Statements, pre-filled VAT returns and fiscal cash registers Driven by stubborn VAT fraud and other missing indirect tax levels – the EU VAT Gap is €136billion – many countries around the
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Can blockchain close the VAT Gap? Probably not.
Hype? Or is an immutable distributed ledger technology the solution to missing EU VAT revenues? The VAT gap of €136 billion per annum and costly complexity of the compliance rules begs for a technological leap. Is blockchain, made (in)famous by cryptocurrencies, the answer? The appeal