Belgium: Reduced VAT rate of 6% to apply to electricity and gas on a permanent basis In March 2022 Belgium introduced a temporary reduction of VAT from […]
Belgium: Reduced VAT rate of 6% to apply to electricity and gas on a permanent basis In March 2022 Belgium introduced a temporary reduction of VAT from […]
The turnover was increased to EUR 500,000 (from EUR 400,000) for supplies of services and for supplies of goods to EUR 800,000 (from EUR 700,000).The change in […]
Meridian, recent SAP UKI Partner Solution Adoption Centre BTP innovation award winners, share the enhanced business outcomes they have delivered for customers by developing a functionally rich […]
On 27th February 2023, the UK Government and the EU reached a new agreement, known as the Windsor Framework, to change some elements of the previously agreed […]
B2B electronic invoicing delayed The Polish Minister of Finance has announced a delay in the implementation date of mandatory electronic invoicing (KSeF) from 1st January 2024 to […]
The manner in which businesses and tax authorities interact is changing. There is an increasing global trend of taxation authorities seeking to collect information from businesses’ ERP […]
The tax function in today’s multinational business is subject to constant change whether it be legislative or company re-organisation, geographic expansion, mergers & acquisitions, new business units, […]
Many businesses will face challenges in automating Purchase Order and paper invoice flows in SAP. We look at how you can solve all complex EU flows on […]
Many businesses will be involved in three party transaction chains which qualify for the EU triangulation simplification. Triangulation is one of the most complex areas in VAT. […]
Exempting a transaction from VAT due to an Intra Community Dispatch Consider an example where a Belgian sales organisation delivers the goods to a company in the […]
Keeping up to date on VAT legislative changes can be a challenge for international operations. Each new legislative change in the indirect tax system in every country […]
Companies undergoing restructuring could be in any of the following situations: All spend on IT and ERP developments is often put on hold during these times and […]
SAP relies on certain key VAT determination characteristics in order to trigger output tax codes via so-called access sequences and MWST condition records. However, a lot of […]
“We don’t need the VAT Add-on, we’re going to use the same Tax Engine as we do in the US..” Some international clients may have a view […]