Richard Asquith | Source | Vice President of Global Indirect Tax at Avalara
Richard Asquith
Vice President of Global Indirect Tax at Avalara
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Avalara
Vice President of Global Indirect Tax
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Digitising tax: how Italy decided to tackle VAT fraud
Italians are among the biggest tax dodgers in the EU. Now a new digital process of submitting VAT has made evasion a thing of the past.
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Black Friday sales may topple tax thresholds in the EU and US
With the holiday season fast approaching, UK companies should be aware of EU VAT and US sales tax thresholds before selling overseas.
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The tax authorities in the EU and US have been investing heavily in staff and analytic software to spot sellers who have passed these thresholds.
A number – including Germany, France, Italy and Austria – are requiring marketplaces to report sellers’ transactions in detail. In the US, similar marketplace responsibilities have been rolled out.
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The leap in Italian VAT revenues was in the order of 20 per cent.
