Netherlands Plans Mandatory E-Invoicing from 2030
E-invoicing in the Netherlands is set to become an increasingly important issue for businesses preparing for upcoming European digital reporting requirements. With mandatory e-invoicing expected to play a greater role from 2030, businesses trading with Dutch companies should start reviewing their invoicing systems, VAT processes and compliance procedures to prepare for the changes.
New ID Verification Requirements for Company Directors
As part of the Economic Crime and Corporate Transparency Act 2023, new ID verification requirements (IDV) are introduced for company directors, members of limited liability partnerships (“LLPs”), people with significant control (“PSCs”) and those making files at Companies House. Limited partnerships are also undergoing changes.
HMRC issues a payroll error warning about work place pension contributions
Employees can save for their retirement through a workplace pension arranged by their employer. Every payday, a percentage of your pay is automatically deposited into the pension scheme. Most employers also contribute to your pension scheme. The government may also offer you tax relief. Some employers are incorrectly processing workplace pension contributions, according to HMRC. […]