In a major VAT ruling issued on 24 March 2025, the UK Upper Tribunal dismissed HMRC’s appeal in the case against Bolt Services UK Limited, confirming that Bolt’s mobile ride-hailing services qualify to apply the Tour Operators’ Margin Scheme (TOMS). The decision...
On 4 June 2025, the European Commission announced that Bulgaria is ready to adopt the euro, pending final approval by the Council of the EU, expected on 8 July 2025. If approved, euro adoption could take effect on 1 January 2026, marking a historic step that would...
For businesses operating in Slovenia, or those working with Slovenian entities, understanding the difference between a tax number and a VAT identification number (VAT ID) is more than a matter of semantics. It’s a fundamental distinction that can have real...
SAF-T (Standard Audit File for Tax) may sound like another bit of tax tech jargon, but it’s fast becoming one of the most important pieces of the digital compliance puzzle. If your business operates internationally, or plans to, it’s essential to understand what SAF-T...
The fashion and textile industry is synonymous with rapid trends, global supply chains, and high volume transactions, but beneath the surface of showrooms, shipments, and seasonal collections lies a less glamorous reality: significant VAT leakage. From international...
