- The government is consulting on new software standards for Electronic Point of Sale and Mobile Point of Sale systems.
- The goal is to combat electronic sales suppression, which can let traders under-report sales and evade tax.
- The proposed standards are intended to improve record-keeping.
- They also aim to minimize extra compliance burdens for legitimate businesses.
Source: regfollower.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.
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