Type: Legislation Since Making Tax Digital for VAT went into effect in 2019, there have been several waves of taxpayers converting to the new API-based e-filing system. The previous manual...
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United Kingdom
UK tender for VAT split payments on foreign e-commerce
November 14, 20220
Type: Trend UK’s HMRC has published a request for information (RFI) to gather opinions on the general specifications and planned procurement procedure for the creation of a proof-of-concept for the...
Type: Draft Legislation Her Majesty’s Revenue & Customs (HMRC), the UK’s tax authority, is aiming to digitalize and modernize tax reporting and management. The first tax to go digital is...
DAC6 Implementation
February 4, 20220
Type: Legislation The UK might limit DAC6 disclosures after Brexit. While the UK will generally stick to EU regulations, DAC6 is considered too broad to be effective and should be...
Type: Legislation, Trend The United Kingdom has adopted the Making Tax Digital reforms for the VAT in 2019. Businesses over the VAT threshold are now required to administrate VAT records...
Outdated legal IT systems
February 4, 20220
Type: Trend As the soft-landing period of the Making Tax Digital program ends, companies can incur penalties if they adjudicate their reporting responsibilities. Companies operating the oldest reporting systems are...