- 60% of UK businesses avoid expanding into new markets due to the complexity of dealing with US sales tax compliance
- UK businesses find US sales tax harder to navigate than selling into Europe, despite seeing the US as a key market
- Over a third of UK business leaders have faced fines or penalties due to unintentional non-compliance with sales tax obligations
- UK business leaders spend up to 10 hours per month on tax compliance on average
- Sales tax complexity is considered one of the greatest burdens facing UK businesses
- 77% of UK business leaders would rely on technology, such as AI, to reduce sales tax and cross border tax complexity.
Source: sharedserviceslink.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
