1st January 2025 B2B e-invoicing mandate – EC permission request Greece has applied to the European Commission for permission to mandate the use of B2B e-invoicing. It is hopeful of receiving a derogation from the VAT Directive by September in time for a 1 January
Latest country to impose tax on foreign streamers to support local TV production; will not contravene OECD BEPS Pillar 1 Denmark is joining Switzerland, Portugal and Spain with a 2% turnover tax on non-resident providers of streaming TV and films. This will rise to 5%
EU’s Commission evaluates Italy’s €870m VAT assessment on Meta/Facebook for ‘free’ platform in exchange for users’ personal data The European Commission’s VAT Committee is evaluating the VAT liabilities of Meta (Facebook) raised by the Italian authorities on the free provision of the Facebook social media
Bolt wins right to only charge VAT only on its margin as Tour Operators Margin Scheme A UK First-tier tribunal case has ruled in favour of deliver service operator, Bolt, over HMRC. The tribunal ruled that these mobile ride-hailing services are passenger transport, commonly provided
How large language model Artificial Intelligence can help get VAT right Generative Artificial Intelligence based on large language models offer exciting opportunities to enhance the accuracy and efficiency of global VAT determination. And harnessed with carefully curated VAT or GST legislative databases, it offers the
Belgium assumes Presidency of Council of EU Jan 2024 committing to progress VAT in the Digital Age, Customs reforms and direct tax work Belgium will take-up the rotating Presidency of the Council of the European Union on 1 January 2024 for six months. Belgium is
How is Al changing the tax function? Santhie Goundar investigates the changes firms are seeing; VAT case study It’s well documented how tax authorities AI is being used to close tax Gaps. But what about VAT? By Santhie Goundar for Financial Accountant. Of all the
Persistent, huge VAT fraud issues push tax authorities to adopt Machine Learning and Generative Artificial Intelligence National tax agencies in Europe and beyond are increasingly turning to Artificial Intelligence tools to help bring down stubborn Value Added Tax fraud leakage. The EU estimates it loses
