Tax News Daily
The latest tax news from around the world, summarised and tagged for tax professionals. Updated twice daily.
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The 2026 Accountant Technology Survey: Turning Data Revelations into a Firm of the Future
The 2026 Accountant Technology Survey explores how accounting firms are leveraging technology to transform their practices. The survey examines adoption rates of tax and accounting software, automation tools, and AI-driven solutions among CPA firms. It highlights how data analytics and emerging technologies are reshaping tax compliance, client advisory services, and firm operations. Key findings address the gap between technology awareness and implementation, with insights into how firms can use digital tools to improve tax workflows, enhance accuracy in filings, and build more future-ready practices. The results serve as a strategic guide for accountants modernizing their tax and financial service delivery.
KNAV Launches In-House AI Platform for Its Assurance, Tax, and Advisory Teams
KNAV, a professional services firm, has launched a proprietary in-house AI platform designed to support its assurance, tax, and advisory teams. The platform aims to enhance efficiency and accuracy across service lines, including tax compliance and advisory functions. By developing the tool internally, KNAV seeks to tailor AI capabilities specifically to its workflows, data security requirements, and client needs. The move reflects a broader trend of accounting and tax firms investing in AI-driven automation to streamline tax processes, improve accuracy in filings, and deliver faster insights to clients across complex multi-jurisdictional engagements.
The Tax Adviser: IRS outlines AI risks, Circular 230 duties for tax practitioners
The IRS has issued guidance outlining the risks associated with artificial intelligence use by tax practitioners, alongside clarifying professional responsibilities under Circular 230. The guidance addresses concerns that AI-generated tax advice or filings may contain errors, hallucinations, or unsupported positions, potentially exposing practitioners to disciplinary action. Tax professionals are reminded of their due diligence obligations when relying on AI tools, including verifying outputs and maintaining professional judgment. The IRS signals increased scrutiny of AI-assisted tax practice, placing responsibility firmly on practitioners to ensure accuracy and compliance regardless of the technology employed in preparing advice or returns.
GSTN Revises FY 2025-26 AATO Amendment Schedule on GST Portal
The Goods and Services Tax Network (GSTN) has revised the Annual Aggregate Turnover (AATO) amendment schedule for FY 2025-26 on the GST portal. The update affects the window available to taxpayers for correcting or updating their reported aggregate turnover figures, which directly impacts compliance thresholds, filing frequencies, and eligibility for various GST schemes. Taxpayers and businesses need to be aware of the revised timeline to ensure accurate AATO reporting. The change reflects GSTN's ongoing portal management adjustments to maintain data accuracy and support proper classification of taxpayers under India's GST framework.
New Norwegian Regulations Allow Accounting Data Storage Across the EEA, UK, and Switzerland
New Norwegian regulations expand the permissible geographic scope for storing accounting data, allowing businesses to keep records not only domestically but also across the European Economic Area, the United Kingdom, and Switzerland. This change modernizes Norway's bookkeeping rules, reflecting cross-border business realities and cloud-based accounting practices. The update has direct implications for companies operating in Norway that use foreign-based accounting systems or shared service centers, reducing administrative burdens around data localization while maintaining compliance with Norwegian bookkeeping legislation. Businesses should review their current data storage arrangements to ensure alignment with the updated regulatory framework.
Digitisation of the Option to Tax (OTT) Process
The Option to Tax (OTT) process for land and property in the UK is being digitised, replacing the current paper-based notification system with an online digital process. HMRC is modernising how taxpayers notify and manage their VAT options to tax on commercial property and land transactions. The digitisation aims to improve efficiency, reduce processing times, and create a more accurate central register of opted properties. This change is significant for property developers, investors, and businesses involved in commercial real estate transactions, who must adapt their internal processes to use the new digital notification system.
Guidance: Agent services account if you’re not based in the UK: service availability and issues
HMRC's guidance covers the Agent Services Account for tax agents not based in the UK, detailing current service availability and any known issues. This account allows overseas-based tax agents to manage UK tax affairs on behalf of clients, including submitting returns and communicating with HMRC. The guidance highlights operational status, potential disruptions, and workarounds for non-UK agents accessing HMRC digital services, which is critical for cross-border tax compliance and agent authorisation under the UK's digital tax administration framework.
Guidance: Agent services account: service availability and issues
HMRC's guidance on the Agent Services Account details current service availability and known issues for UK-based tax agents. The account is a central digital platform enabling tax agents to access HMRC services, manage client authorisations, and submit tax returns on clients' behalf. This update informs agents of any disruptions or limitations to the platform's functionality, which is essential for tax practitioners relying on HMRC's digital infrastructure for compliance activities across various UK taxes including income tax and VAT.
Why CPA Firms Need One Secure Workspace for Wolters Kluwer Apps
CPA firms using Wolters Kluwer's suite of tax and accounting applications face challenges managing multiple logins, data security, and workflow efficiency across platforms. A unified secure workspace solution consolidates access to Wolters Kluwer tools, enabling tax professionals to streamline compliance workflows, protect sensitive client tax data, and improve productivity. The article argues that centralized access management reduces cybersecurity risks inherent in handling confidential tax information and supports firms in meeting professional standards for data protection while managing tax preparation, planning, and compliance tasks across their client base.
How ITR Filing Software Cross-Checks AIS for AY 2026-27
Indian ITR filing software for Assessment Year 2026-27 now cross-checks data against the Annual Information Statement (AIS), a tax authority-generated document aggregating taxpayer financial data. The integration helps taxpayers and professionals identify discrepancies between reported income and AIS entries before filing, reducing errors and potential scrutiny. The software automates reconciliation of salary, interest, dividends, and other income sources against AIS data, streamlining compliance. This reflects growing use of technology-driven tools in Indian personal income tax filing, improving accuracy and reducing manual effort for both individual filers and tax practitioners handling bulk returns.
AI in corporate tax: Key trends, use cases, and what’s next
This article explores how artificial intelligence is transforming corporate tax functions, highlighting key trends, practical use cases, and future developments. It examines AI applications across tax compliance, data management, research, and reporting workflows. Topics likely include automation of routine tax tasks, AI-assisted analysis of complex regulations, integration with ERP systems, and how tax teams can leverage machine learning to improve accuracy and efficiency. The piece positions AI as a strategic tool for corporate tax departments looking to modernize operations, reduce manual workload, and better manage risk in an increasingly complex global tax environment.
E‑Invoicing & E‑Reporting Explained: From Invoice to Intelligence (WIP)
This work-in-progress article explains the fundamentals of e-invoicing and e-reporting, tracing the journey from basic invoice issuance to data-driven intelligence. It covers how structured electronic invoices generate valuable business and tax data, how e-reporting obligations require transmission of invoice data to tax authorities, and how these systems are evolving into tools for real-time tax compliance and analytics. The piece provides an educational overview for businesses navigating the increasingly complex global landscape of digital invoicing mandates.
E‑Invoicing & E‑Reporting Explained: National Constraints (CIUS / Local Requirements): How Local Constraints Shape Otherwise “Standard” Invoices
This article examines how national constraints, known as CIUS (Core Invoice Usage Specifications) and local requirements, shape the implementation of otherwise standardized e-invoices across different countries. While international standards like EN 16931 provide a common framework, individual jurisdictions impose additional mandatory fields, code lists, and validation rules that create country-specific variations. The piece highlights the compliance challenges for businesses operating across multiple markets and the importance of understanding local specifications when deploying e-invoicing solutions internationally.
Supplementary Data for VAT Returns
Tax authorities are requiring supplementary data submissions alongside standard VAT returns, expanding the volume and granularity of information taxpayers must report. This development reflects a broader trend toward real-time or enhanced VAT reporting, requiring businesses to provide transaction-level details, invoice data, or additional breakdowns beyond traditional return fields. Companies face compliance challenges in adapting their accounting and ERP systems to capture and submit the required supplementary information accurately and on time. The requirement signals a shift toward more data-driven VAT enforcement and audit approaches by tax administrations.
How to use AI in tax planning for clients
This article explores practical applications of artificial intelligence in tax planning for clients, likely covering how tax professionals can leverage AI tools to enhance accuracy, efficiency, and strategic advice. Topics may include AI-driven data analysis, automated tax research, scenario modeling, and client advisory workflows. Published by Thomson Reuters, a leading tax and legal technology provider, the piece targets tax practitioners seeking to modernize their practice using emerging technologies. It addresses how AI can streamline compliance, identify planning opportunities, and improve client outcomes across various tax disciplines.
TaxStatus Launches New Capability That Turns Tax Records Into Planning Opportunities
TaxStatus has launched a new capability that converts tax records into actionable tax planning opportunities for CPA firms and their clients. The tool analyzes IRS tax transcripts and other tax data to identify planning insights, enabling advisors to proactively engage clients with personalized recommendations. By automating the interpretation of tax records, TaxStatus aims to shift practitioners from reactive compliance work toward strategic advisory services. The platform targets accounting firms looking to deepen client relationships and expand service offerings through data-driven, technology-enabled tax planning workflows.
Norway — SAF-T Financial v1.30 in Force; On-Demand Submission Model
Norway has brought SAF-T Financial version 1.30 into force, updating the standard audit file format used by tax authorities for on-demand submission of accounting data. The new version introduces technical and structural improvements to the schema. Norway operates an on-demand model, meaning businesses are not required to submit SAF-T files routinely but must produce them when requested by the Norwegian Tax Administration during audits or inquiries. Businesses and their software providers must update systems to ensure compliance with the v1.30 specification to avoid issues during tax authority data requests.
Transfer files securely with HMRC
HMRC provides guidance on how to securely transfer files to the UK tax authority. This covers the approved methods and tools taxpayers, agents, and businesses should use when sharing sensitive documents or data with HMRC, ensuring compliance with data protection requirements. Secure file transfer is essential for tax submissions, investigations, and correspondence involving confidential financial information. The guidance is relevant to taxpayers and advisers dealing with HMRC across various tax matters, including returns, audits, and inquiries, where secure digital communication is increasingly mandated as part of HMRC's broader digital transformation strategy.
How to Use Online Challan Correction Facility on IT Portal
This article provides a step-by-step guide on using the online challan correction facility available on India's Income Tax Portal. It explains how taxpayers can rectify errors in tax payment challans, such as incorrect assessment years, tax amounts, or taxpayer details, without visiting a bank or tax office. The guide covers eligibility conditions, the correction request process, and timelines for approval, helping individuals and businesses ensure their tax payment records are accurate and properly reflected in their accounts.
Manual vs Automated Payroll Software: Which Is Best for SMEs?
This article compares manual and automated payroll software solutions for small and medium-sized enterprises (SMEs), examining the trade-offs between traditional manual payroll processing and modern automated systems. Key considerations include accuracy, compliance with payroll tax obligations, cost, and scalability. Automated payroll software is highlighted for its ability to reduce errors in tax calculations, ensure timely filings, and handle complex payroll tax deductions, while manual processing may suit very small businesses with simple needs. The piece helps SME owners evaluate which approach best manages their payroll tax responsibilities efficiently.
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