Extension of Single VAT Registration OSS enables withdrawal from July 2028 of special VAT scheme for stocks held in other EU member state with customers The VAT in the Digital Age reforms package’s Single VAT Registration pillar includes extending the use of the One-Stop-Shop OSS
What do the countries resisting the fashion for pre-clearance VAT e-invoicing know What do the countries resisting the fashion for pre-clearance VAT e-invoicing know? Why are they looking at alternatives? Many European countries are fast-tracking their compulsory VAT electronic invoices plans – often rattled by
Simplified Triangulation – What if middleman / intermediary party has VAT number in other states? Who is responsible for transport? Triangulation still permitted? For businesses with complex cross-border chain supplies and ‘middleman’ or intermediary parties, Triangulation is a useful simplification to reduce the numbers of
Low-cost VAT determination no longer needs a big ERP upgrade or expensive tax engine Ask yourself these questions: Does your business have a major global footprint –with complex cross-border transactions and supply chains? Is this crushing your ERP and resulting in hundreds of hours of
Native ERPs struggle with VAT and GST calculations – is a tax engine or Add-on the answer? Accounting software, including Enterprise Resource Planning (ERP), invoicing or marketplace platforms generally struggle with cross-border VAT. The risk is delays in invoice payments, input VAT being deemed irrecoverable
Tax Engines are essential as tax authorities move to e-invoicing & live reporting. And they no longer need to be expensive or excruciating to implement A ‘tax engine’ is a specialist software application used to calculate the correct VAT, GST or sales tax on a
Ending complexity of VAT treatment for customs and VAT warehousing and import reliefs Tracking and accurately calculating VAT reliefs on inward processing imports, including reexports or releases into free circulation, is highly complex. Even the EU’s rules on customs procedures and VAT warehouses are varying
As tax authorities shift to live reporting, VAT & GST determination demands automation. Here’s how our VAT Calculator ends the pain and huge investment associated with a tax engine implementations If you are saying ‘Yes‘ to these questions, then we have some great news for
Invoice Quick Response Codes are becoming mandatory as tax authorities digitise As part of the efforts to recover billions in lost VAT fraud and digitise tax, many tax authorities are imposing the obligation to include Quick Response Codes (QR Codes) on VAT / GST invoices.
