Whether it’s eating circular food or celebrating its mathematical significance, Pi day is surrounded by fun activities such as munching on pizza, chowing down on a warm slice of pie and even having math competitions! For some states, the amount of sales tax you pay to celebrate Pi day is different depending on where the pie is purchased.
According to Maine Revenue Services, a pie baked and sold by a restaurant, store or maker at a farmers market is taxed at 8%. Whereas pies purchased and resold are taxed at 5.5%. It’s also important to note, if a pie is prepared by the retailer and not ready for immediate consumption, but requires the customer to bake the pie, it is exempt.
Being rational is hard. Take the day off and eat a piece of pie!
The European Union’s “VAT in the Digital Age” (ViDA) initiative is set to reshape the VAT compliance system across member states. At the core of this initiative is the transition to mandatory B2B electronic invoicing, alongside real-time reporting requirements.
For businesses, these changes bring both challenges and opportunities, requiring organizations to adapt their systems, processes, and strategies to remain compliant while also unlocking new efficiencies in their operations.
Get practical guidance on stabilising your France e-invoicing setup, preparing for future e-reporting and e-invoicing mandates.
Since France’s e-invoicing mandate was implemented, the focus for finance and IT teams has shifted from meeting the deadline to resolving operational issues and strengthening processes.
Join Gonçalo Ladeira Dias and Patricia Rocha Jordan for a 45-minute interactive clinic in which they’ll share lessons from the first live implementations, discuss common pitfalls and answer your questions about e-invoicing and e-reporting in France.