United Kingdom
But experts cast doubt on HMRC's data and believe COVID-19 would have increased the revenue shortfall.
This week the Biden administration has run into opposition over a proposal for a federal gas tax holiday, while the European Parliament has approved a plan for an EU carbon border mechanism.
Tax professionals have urged suppliers of goods from Great Britain to Northern Ireland to pause any plans to restructure their supply chains following the NI Protocol Bill.
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.
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Sponsored
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Sponsored by Vertex Inc
Peter Boerhof of Vertex Inc shares the results of a survey showing that businesses are increasingly turning to tax engines to eliminate errors and streamline operations. -
Sponsored by Vertex Inc
Oliver Froehlich, European e-commerce and marketplace channel lead at Vertex, explains the indirect tax obligations that are on the horizon as retailers transition to omnichannel operating.
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Sponsored by Thomson Reuters
ITR and Thomson Reuters hosted a webinar on April 28 to share insights into how tax engines can help businesses meet the needs in an increasingly complex tax environment.
