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Indirect Tax

Advances in compliance tools in international markets and the digitalisation of global tax administrations are increasing in-house demand for technologists.
HM Revenue and Customs said the UK pillar two legislation will be delayed until at least December 2023, while ITR reported on a secret Netflix settlement and an IMF study on VAT cuts.
The IMF has urged countries against cuts to VAT in response to rising inflation and the cost-of-living crisis hitting households around the world.
Companies welcome the German Tax Court’s decision to exempt virtual land rentals from VAT, but are wary about the rulings lacks clarity.


Tax directors say post-Brexit customs red tape has resulted in significant financial costs for UK companies and caused pain for businesses dependent on EU cross-border trade.
Tax directors say a failure to properly implement the EU VAT e-commerce package is hitting companies twice as its first anniversary approaches.
India’s GST regime may be set for state-by-state changes following the Supreme Court ruling in the Mohit Minerals case concerning the powers of states and the GST Council.
Tax professionals warn that the EU VAT e-commerce package has created more confusion for businesses and could lead to costly errors for sellers and marketplaces.
The UK has opted to raise a 25% levy on the profits of energy companies to fund a relief package for households amid the cost-of-living crisis. Meanwhile, the OECD’s plans for tax reform have stalled.
Tax directors applaud a call by a former UK Treasury adviser for a 2.5% VAT reduction, but doubt it would benefit long-term fiscal policy.
Crypto-asset platforms see Irish Revenue’s decision to apply 23% VAT to purchases made using cryptocurrencies as a positive step for crypto markets.
Tax directors warn that a lack of standardisation of in-house VAT reporting processes could leave businesses open to costly errors and misaligned procedures.
Nominations are now being accepted for the best in-house teams and practitioners across tax and transfer pricing for ITR's 2022 Awards.
The Women in Business Law Awards is excited to present its shortlist for the 2022 Americas Awards.
The Asia-Pacific awards research cycle has now begun – don’t miss out on this opportunity to get recognised.
The Europe, Middle East, & Africa awards research cycle has now begun – don’t miss out on this opportunity to get recognised
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