Value Added Talk

Do you know where you’re able to sell goods or services without establishing an entity? Or which jurisdictions make bad debt relief available to your business?

Pavlo Boyko returns (and trades places with Jacek for this episode), as the team discuss the effect of indirect tax rules and regulations on market attractiveness.

Download the Global Guide to Indirect Taxes.

Related: Digital Services Tax - a necessary evil?

Short on time? Skip ahead:

00:01 Pavlo in the driver’s seat

03:35 How indirect taxes have been used in pandemic times

07:50 What’s in the Global Guide to Indirect Taxes and what countries does it cover?

12:58 VAT registration, entity establishment, import taxes, duties and more areas that international businesses should consider

15:40 The most important questions for finance leaders focused on cost-cutting and revenue generation

18:30 A key import tax consideration for both big and small businesses selling goods

24:05 VAT recovery – why businesses shouldn’t just let it slide

27:43 Digital services taxes and why it’s an area of taxation to watch

34:55 Outro

** CREDITS **

Episode hosts: Jacek Szufan, Rob Hutchinson and Sylvia Petkova

Producer: Carlie Bonavia

Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music

Value Added Talk is a production of TMF Group.

Rob and Sylvia answer the most common VAT-related questions they’ve received since the UK left the European Union.

You can read their recent article here.

Have a question for the show? Email [email protected] or click here to make an enquiry with our international tax team.

Short on time? Skip ahead:

00:01 Intro

02:14 Key pain points for businesses since Brexit

06:33 As a non-established business, can I continue trading in the UK in 2021 as I did before?

08:50 As a non-established business, do I need a new VAT number for the UK?

10:13 As a UK business, can I still make refund applications for VAT incurred in the EU in 2020?

13:00 As an EU-based e-commerce business, do I need to do anything different in 2021, or can I continue selling to my customers in the UK as before?

15:03 As a UK business that is VAT registered in various EU member states, can I continue trading as before?

17:34 I’m a business established and registered in an EU member state, and I’m trading in the UK. I’ve incurred a substantial amount of UK VAT on invoices from suppliers. Can I still recover this VAT?

20:24 As a UK business selling digital services across a number of EU member states, can I continue using the MOSS scheme?

22:38 Key takeaways for businesses

24:00 Outro

CREDITS

Episode hosts: Rob Hutchinson and Sylvia Petkova

Producer: Carlie Bonavia

Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music

Value Added Talk is a production of TMF Group.

Jacek, Sylvia and Rob debate Deutsche Bank's proposal of a 5% per day working from home tax, and they explain why UK businesses selling to the EU should have a fiscal representative on standby, as Brexit negotiations continue.

Want to weigh in on future episode topics? Follow us on LinkedIn and leave a comment, or send us an email: [email protected]

CREDITS

Your hosts are Jacek Szufan, Sylvia Petkova and Rob Hutchinson 

Producer: Carlie Bonavia

Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music.

Value Added Talk is a production of TMF Group.

Download your copy of the COVID-19 Guide for CFOs here.

Have questions? Ask us on LinkedIn or drop us an email: [email protected]

Value Added Talk is a production of TMF Group.

VAT represents a great opportunity to potentially access cash quickly, or at later stage. Here’s where you can find some extra funds to support your business during the ongoing global pandemic.

A shout-out to listeners Renata, Jovana and Chris for requesting this episode topic!

** LINKS **

Browse our comprehensive list of COVID-19 government support schemes for businesses worldwide.

Download the ‘Free’ Money FAQ sheet  - and listen to S1 Ep1 of the podcast for more details.

Want to weigh in on future episode topics? Follow us on LinkedIn or drop us an email: [email protected]

CREDITS

Your hosts are Jacek Szufan, Sylvia Petkova and Rob Hutchinson 

Producer: Carlie Bonavia

Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music.

Value Added Talk is a production of TMF Group.

Jacek, Sylvia and Rob dive into the LinkedIn listener-voted topic of global accounting and tax trends with guest Pavlo Boyko, accounting and tax global solution architect at TMF Group.

Learn how COVID-19 has impacted the accounting environment and broader business landscape, and what additional tasks are piling up on the CFO’s desk.

The team also discuss the key trends and findings of the 2020 Global Business Complexity Index.

Short on time? Skip ahead:

00:01 Intro

07:19 How COVID-19 is affecting CFOs and the finance function

14:14 Moving to a centralised finance and accounting model – pros and cons to consider

18:47 Global Business Complexity Index 2020 – what this year’s findings mean for financial compliance

25:18 Modernisation versus tradition – what old accounting practices should we let go?

28:15 Technology versus simplification – recent advancements and what’s next

32:33 How the role of the accountant is starting to merge with that of an IT professional and others

34:53 What these global accounting and tax trends mean for cross-border businesses

** LINKS **

A comprehensive list of COVID-19 government support schemes for businesses worldwide

Podcast episode that Pavlo mentions: Digitisation is taking over the tax world, are you ready?

Want to weigh in on future episode topics? Follow us on LinkedIn or drop us an email: [email protected]

CREDITS

Your hosts are Jacek Szufan, Sylvia Petkova and Rob Hutchinson 

Producer: Carlie Bonavia

Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music.

Value Added Talk is a production of TMF Group.

Learn about the tax-specific elements of ERP projects to get right, especially for multi-country rollouts, and some key project do's and dont's.

Short on time? Skip ahead:

00:01 Intro

00:31 Why you need a tax specialist involved in ERP implementation projects

03:35 Tax-specific elements to get right, especially for multi-country rollouts

08:22 Key do’s and don’ts, from data gathering to process review and local accounting and tax rules

12:48 Building in local compliance requirements and the testing phase

16:01 The “unknown unknowns”

17:26 Expectation versus reality: how to prevent system “gaps” appearing later

19:10 Pros and cons to legacy processes

20:28 Process owner responsibilities

22:40 ERP implementation timeframes

24:02 Outro

CREDITS

Your hosts are: Jacek Szufan, Sylvia Petkova and Rob Hutchinson Producer: Carlie Bonavia

Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music.

Value Added Talk is a production of TMF Group.

Consultancy Solutions team members Emma and Juraj join Jacek, Sylvia and Rob to talk ERP systems, how to make sure your company’s next implementation goes as smoothly as possible and why the tax element should not be overlooked.

This two-part episode covers:

• What an ERP system is
• How to best approach an implementation project and minimise the complexity, especially across multiple jurisdictions
• Why you shouldn’t overlook the tax element
• Key ERP system implementation do’s and don’ts
• Considerations when working with an implementation partner.

Short on time? Skip ahead:

00:01 Intro

00:50 Lockdown life and Rob’s new healthy habits

02:29 COVID-19: how governments around the world are supporting businesses. Learn more about the various relief schemes here

06:49 Today’s episode topic: healthy habits for ERP system implementation with guests, Emma Kerton and Juraj Maholanyi

07:20 What is an ERP system?

08:34 Who within the business needs to be involved?

09:28 Main issues that can arise

12:09 Mapping out system requirements, processes and building an implementation framework

14:58 Why ERP system implementations can fail – and how to make sure they don’t

17:23 Considerations when working with an implementation partner

CREDITS

Your hosts are: Jacek Szufan, Sylvia Petkova and Rob Hutchinson Producer: Carlie Bonavia

Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music.

Value Added Talk is a production of TMF Group.

Part 2 of this listener voted topic continues with Sylvia asking Shagun about the tax liabilities for distance sellers in APAC. And the team are left wowed by some of the unique taxes that businesses can encounter in the region, including China's chopstick tax and Japan's obesity tax.

Have a question for the show or an unusual tax you'd like to share? Email: [email protected]

00:01 Intro

00:35 Tax liabilities for distance sellers and providers of digital content

06:30 Unusual taxes that businesses can encounter in Indonesia, China, Japan, Singapore, South Korea and India

15:26 Key things to consider when doing business in APAC

17:11 Shagun’s top three compliance challenges for businesses new to the region

20:22 Takeaways

24:48 Outro.

CREDITS

Your hosts are: Jacek Szufan, Sylvia Petkova and Rob Hutchinson Producer: Carlie Bonavia

Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music.

Value Added Talk is a production of TMF Group.

Get an essential overview of indirect and corporate tax rates and understand the compliance challenges that new market entrants can face in APAC.

Jacek, Sylvia and Rob kick off season two of the Value Added Talk podcast with a listener-voted topic and invite colleague Shagun Kumar onto the show to explore the APAC tax environment, with examples from India, China, Singapore, Indonesia, Japan and South Korea.

This two-part episode covers:

• indirect taxation
• jurisdictional tax differences
• corporate tax rates; trends and how they’re being used to attract international investment
• digitisation and tax liabilities for distance sellers
• compliance challenges
• some of the more unusual taxes that businesses can encounter in APAC.

Have a question for the show? Get in touch: [email protected]

Short on time? Skip ahead:

00:01 Intro

05:41 The indirect tax environment across Asia Pacific

07:22 Lack of regional tax groupings

09:03 Indian GST

11:45 Corporate tax rates

15:34 APAC tax digitisation trends

20:04 How businesses are coping with the change to digital reporting systems.

CREDITS

Your hosts are: Jacek Szufan, Sylvia Petkova and Rob Hutchinson Producer: Carlie Bonavia

Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music.

Value Added Talk is a production of TMF Group.