The CTC system update in Hungary combines e-invoicing and real-time invoice reporting

The Hungarian National Tax and Customs Administration (NTCA) oversees the transition period for the real-time invoice data reporting system, from version 2.0 to version 3.0. . This new version will be mandatory for all taxpayers in the country from April 1, 2021. However, the system update that will be released through the new version will greatly simplify […]

How will UK VAT procedures for sellers on Amazon change?

From 1 January 2021, Amazon will be responsible for collecting UK VAT on the following sales of goods delivered to UK customers if ordered through any Amazon store: 1. Goods delivered from inventory held outside the UK with a shipping value of up to £ 135; and 2. Goods delivered from UK stocks of whatever […]