VAT implications for the gig and sharing economies
The value of the gig economy is expected to more than double from US$204 billion in 2018 to US$452 billion by 2025.7 In the UK, the Trades Union Congress (TUC) estimated in the summer of 2019 that 4.7 million people now work regularly on one or
VAT electronic cash registers
Live retail reporting of VAT transactions to cut fraud In an effort to close the VAT Gap of missing tax revenues many European countries have introduced VAT e-registers in traditional retail and online e-commerce. These provide real-time or batch automated reports to the tax authorities of
VAT TV: 2022 Brexit Customs changes
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
VAT TV: 2022 EU-UK VAT & Customs divergence
VAT TV Feb 2022 global news & views
VAT TV: 2022 top 10 global developments
VAT TV: 2022 EU-UK VAT & Customs divergence
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.