Digitisation of VAT reporting
VAT is digitising. Global tax authorities are imposing a surge of complex and diverging new digital and live transaction reporting obligations, replacing the traditional VAT return.
From the UK's Making Tax Digital, to SAF-T and e-invoice reporting; through to Chinese special fapiao invoices, taxpayers are under siege to open up their invoices and ERP data.
VAT is digitising. Global tax authorities are imposing a surge of complex and diverging new digital and live reporting obligations, replacing the traditional VAT return with transaction-level disclosures.
From the UK's Making Tax Digital, to SAF-T and e-invoice reporting; to Chinese special fapiao invoices, taxpayers are under siege to open up their invoices and ERP data.
The rise of e-invoicing
Get an insight into the current and planned VAT digitisation regimes around the world, from e-invoicing to real time reporting and QR codes.
In addition to the compliancy implications for tax professionals, we also discuss the challenges of implementating e-invoicing technology into your businesses.
Digitisation of VAT reporting global tracker
Keeping you informed of all the digitisation changes happening around the world
From SAF-T to e-invoicing, tax authorities around the world. are increasingly demanding detailed electronic VAT transactional reporting from businesses to help them efficiently track tax due and reduce significant tax evasion.
Explore out updated globally tracker to check which countries have (or are planning to -) roll out a real time transactional VAT reporting initiatives.
The evolution of the VAT return
Governments around the globe are going digital, turning to real-time tax reporting to streamline processes and combat VAT fraud.
Join our free virtual summit as we discuss tax, technology and the evolution of global VAT.
UK Making Tax Digital for VAT 2021 - guide
HMRC's Making Tax Digital (MTD) Phase 2 came into force, on 1 April 2021 - affecting UK VAT registered business with a turnovers over £85,000. This guide explains the new rules on the Digital Journey, Digital Bookkeeping... and how to avoid penalties.
Help ensure your business is compliant with MTD Phase 2
Avalara MTD Cloud is an online, UK VAT filing service that is HMRC-recognised, fully compliant with HMRC’s 'digital journey' rules.