Digital tax landscape
Tax authorities around the world are embarking on ambitious tax digitalisation programs, taking steps towards automated data collection and using advanced data analytics to close the tax gap. In Mexico, for example, all VAT invoices raised by businesses are automatically sent to the tax authorities who will then allocate the corresponding VAT claim to the relevant customer. Whilst it is behind the curve to some of its global counterparts, the introduction of Making Tax Digital has been a big step forward for HMRC in transforming the way it receives taxpayer data.
Source RSM
Latest Posts in "United Kingdom"
- UK Budget 2025: VAT E-Invoicing, Digital Compliance, and Post-Brexit Tax Reforms Announced
- FTT Rules HMRC Closure Notice Bars VAT Registration: Hairdresser’s Turnover Below Threshold, Appeal Allowed
- UK Tribunal Rules Self-Employed Hairdresser Not Liable for VAT Registration Under Rent-a-Chair Model
- EU Insists on VAT Representative for UK Firms Despite British Objections to Import Rules
- Mandatory B2B e-invoicing as of April 2029
