EncryptInvoice News
Articles tagged vat
HMRC's VAT Notice 723A allows non-UK businesses to reclaim UK VAT on supplies received from January 1, 2021 onwards. The scheme requires reciprocity and uses a defined claim period (July 1 to June 30) with claims covering three to twelve months. Import VAT and VAT group claims have specific eligibility rules.
Ireland's VAT Modernization Roadmap requires all VAT-registered businesses to be "Receive-Ready" by 1 November 2028, able to process structured electronic invoices regardless of size or issuer status. This universal mandate affects the entire business ecosystem through compliance asymmetry and uses EN 16931 standards with Peppol BIS Billing 3.0.
France's mandatory e-invoicing system, launching September 1, 2026, will target carousel fraud and replace retrospective audits with real-time verification to intercept fraudulent activity immediately.
France's e-invoicing mandate, effective September 1, 2026, aims to recover €2–3 billion annually in VAT revenues by targeting carousel fraud and shifting from post-hoc audits to real-time verification. Businesses must adopt approved platforms and integrate real-time verification processes for compliance.
Starting October 1, 2026, French OPCO AKTO eliminates payment subrogation for non-apprenticeship training services. Employers must now pay providers directly on a TTC basis and request reimbursement from AKTO on an HT basis, creating new VAT cash-flow burdens and compliance requirements aligned with France's e-invoicing mandate.
A survey of 176 EU tax and finance leaders reveals a critical divergence between CFOs' regulatory focus and operational tax leaders' e-invoicing priorities, threatening AI governance under ViDA's real-time reporting requirements.
The Republic of Congo's new VAT regime for non-resident digital service providers, effective 1 July 2026, introduces stringent compliance obligations with no turnover threshold and broad service coverage, requiring immediate registration from the first taxable transaction.
Nigeria's digital tax reforms have yielded over $120 million in VAT revenue from foreign technology platforms, demonstrating the policy's effectiveness and shifting focus to fiscal outcomes.
A survey of 176 tax leaders reveals that while 92% use AI for indirect tax, only 2.8% have formalized governance structures, leaving most vulnerable to audit risks under the EU's ViDA initiative.
The UK's 2029 e-invoicing mandate, leveraging the Peppol network and deferring real-time reporting, provides clear implementation pathways for businesses while signalling future digital reporting obligations.
The EU's VAT in the Digital Age initiative, reaching political agreement in November 2024 and facing formal adoption in early 2025, represents the most significant VAT reform since 2006, mandating e-invoicing and real-time reporting for intra-EU B2B transactions by 2030, while expanding the One Stop Shop system.
AfCFTA's implementation faces hurdles in harmonizing diverse tax regimes, while member states independently advance VAT digitization efforts that must ultimately align with continental trade protocols.
