Indirect tax trends around the world

Indirect taxation the world over does not stand still. As this article shows various themes are emerging. The first that stands out for me is the growing complexity of managing indirect taxes due to continual change and the diversity of the systems in countries and regions. This has a cost implication for UK businesses trading overseas. Compliance needs to be taken seriously as tax authorities are looking beyond their borders as highlighted by the Romania commentary below which mentions the exchange of information between EU member tax authorities. Can we expect the EU to be more proactive in enforcing VAT registrations for non-established businesses? Or will US states implementing the ‘nexus’ rule catch more UK businesses selling into the US?

The clear message from this article is that UK businesses need to get to grips with the rules wherever they trade implement them and pay the...