In order to avoid tax fraud and increase the accuracy of VAT reporting, tax administrations around the world are adopting an electronic invoicing system which enables tax authorities to have a consistent approach to managing tax audits. This system is known as the Standard Audit File for Tax, and it is becoming an increasingly popular …
Category Archives: VAT
Registering for Pan-European FBA: The VAT Implications You Need to Be Aware Of
In our previous article on Pan-European FBA titled Pan-European FBA: How this Amazon service can help your business skyrocket to success, we demonstrated the advantages of using this service, and how Pan-European FBA can help to cut your fulfilment fees, simplify the distribution process and help you to attract more customers. In this article, we …
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Reverse Charge: How is the EU Combating VAT Fraud?
A crime only then becomes a favourite crime when it is profitable. Well, this is most certainly the case. EU member countries need to write off billions of Euros in VAT revenue each year due to fraud and inadequate tax collections systems. The loss in VAT is commonly known as the VAT gap, which is …
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VAT: The importance of being compliant
Compliancy is the practice of adhering to rules and regulations and making sure that these are met to a high standard. When it comes to VAT, it is highly important to follow VAT rules and regulations and stay compliant with them, or you could be fined or even face imprisonment. The rules of VAT vary …
Global VAT Compliance: How can J&P Help Me?
What are the first steps to take when expanding your online business so that you can start selling products in other countries? If you want to trade in Europe, how can you comply with the tax laws of the country that you are selling in? If you are an online business planning to sell products …
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J&P Accountants: Blog 