Save time and resources in the ever-changing world of indirect tax reporting For large companies operating in a digitalised global economy, indirect tax compliance has evolved from an arduous manual task to a largely hands-off process performed by sophisticated tax technologies that execute most tax functions—data gathering, computation, reconciliation, invoicing, reporting, filing, etc.—automatically and in […] The post Keep pace with digital tax compliance for big data and fast reporting appeared first on Thomson Reuters Tax & Accounting - UK/EMEA ..read more

In today’s digitally-driven world, businesses across all sectors undergo significant technological transformations. These changes, often involving transitions to cloud-based systems, are reshaping how core business functions operate, including taxation.  For example, reduced IT maintenance can save businesses an average of $297k.  IT professionals are essential to driving successful digital transformation across the indirect tax department. […] The post Thomson Reuters ONESOURCE: A tax technology solution for the modern IT professional appeared first on Thomson Reuters Tax & Acco ..read more

The European e-invoicing market is on the brink of a major transformation, driven by mandatory e-invoicing and e-reporting regulations emerging across the EU. This shift, spurred by the need to improve VAT revenue collection and fueled by initiatives like the EU’s VAT in the Digital Age (ViDA), presents both challenges and opportunities for businesses.  This […] The post Exploring the evolving landscape of e-invoicing in Europe: Takeaways for tax professionals appeared first on Thomson Reuters Tax & Accounting - UK/EMEA ..read more

In today’s rapidly evolving business landscape, companies of all sizes are upgrading their technological infrastructure to improve productivity and remain competitive. These “digital transformations” typically involve transitioning to a cloud-based business system, and they are important to corporate tax leaders because the tax function touches virtually every aspect of a modern organisation. Consequently, tax leaders […] The post Why Thomson Reuters is the best choice for corporate tax professionals appeared first on Thomson Reuters Tax & Accounting - UK/EMEA ..read more

The emerging tax landscape for global corporate tax professionals is fraught with uncertainty and change. Political alliances around the world are shifting. International tax laws are in constant flux, and countries around the world are implementing various versions of the European Union’s (EU) BEPS 2.0 and Pillar Two rules, as well as the Global Minimum […] The post How to prepare for the impact of political shifts in global tax compliance appeared first on Thomson Reuters Tax & Accounting - UK/EMEA ..read more

Jump to ↓ Data management and reporting Overcoming tax compliance challenges Reaping the rewards   For today’s accountants and tax professionals, change is constant, making their role and responsibilities increasingly complex, and client requirements ever more demanding. Digitalisation and the growing importance of data; the pace at which regulatory landscape is evolving; the impetus to […] The post How the Digita Professional Suite transforms tax compliance and drives competitiveness appeared first on Thomson Reuters Tax & Accounting - UK/EMEA ..read more

In 2024, Poland, Romania, Denmark, and Malaysia will implement electronic invoicing (e-invoicing) mandates that demand more real-time tax data. They are not alone in this trend: More than 30 jurisdictions have enforced some form of e-invoicing mandates. Countries such as Poland, Belgium, and China, among others, have announced mandates to begin within a two-year period amidst […] The post Achieving IDT compliance: How collaboration drives e-invoicing success appeared first on Thomson Reuters Tax & Accounting - UK/EMEA ..read more

As with everything in today’s fast-moving, ever more complicated data world, the way statutory reporting is done is changing quickly. This is because technology is improving, and the regulatory requirements are always changing.  We understand that managing this complexity can be challenging. And that getting it wrong can be costly. To remain competitive and compliant […] The post The future of statutory reporting appeared first on Thomson Reuters Tax & Accounting - UK/EMEA ..read more

← Blog home In today’s rapidly evolving global trade environment, supply chains are becoming increasingly complex. This complexity is created by a number of factors, including geopolitical instability, regulatory changes, and technological advancements. Two critical areas that have emerged as strategic priorities for businesses are supply chain due diligence and ESG (Environmental, Social, and Governance) […] The post The critical role of ESG and due diligence in building a sustainable supply chain appeared first on Thomson Reuters Tax & Accounting - UK/EMEA ..read more

“Opening up the books” takes on a whole new meaning with the introduction of e-invoicing. While paper invoicing has been on the decline for decades, the increased impetus on corporations to provide more data, more transparency, and more cooperation with governments around the world has led to e-invoicing taking centre stage as the next revolution […] The post E-invoicing: An overview appeared first on Thomson Reuters Tax & Accounting - UK/EMEA ..read more