Sign in

Richard Asquith

@richard-asquith.bsky.social
212 followers 272 following 126 posts

Tax tech chap. Spreading global fiscal chatter

PostsRepliesMedia
Richard Asquith @richard-asquith.bsky.social · 03/10/2026
I’m not sure The Economist has it right on taxing AI www.vatcalc.com/global/the-h...
vatcalc.com
The hitch in taxing AI: labour is local, capital isn’t - vatcalc.com
The Economist has warned that AI could blow a hole in government finances. Labour taxes provide around half of revenues across the OECD. If AI replaces
001
Richard Asquith @richard-asquith.bsky.social · 23/09/2026
You can easily think Belfast a forwign land till yoi realise we’re all heading that direction jasquith.substack.com/p/sifting-th...
jasquith.substack.com
Sifting Through the Wreckage
A glimpse of our classless future in Belfast
010
Reposted by Richard Asquith
Lisa O’Carroll @lisaocarroll.bsky.social · 12/09/2026
Oops. Wrong country. Trump asked about Irish heating oil costing 40% since Iran war. He said all would be okay if they opened up the north sea ...
43314
Reposted by Richard Asquith
Rachel Coldicutt @rachelcoldicutt.bsky.social · 11/09/2026
Very good and interesting blog post on the impact of AI and maths, which I think captures some of the important dilemmas about who chooses what gets automated mattbaker.blog/2026/09/10/s...
mattbaker.blog
Some late-night thoughts on AI and the future of research in mathematics
Every time I’ve organized my thoughts sufficiently to finally write a proper blog post about the impact of AI on mathematical research, something massive happens which causes me to delay. I w…
1259
Reposted by Richard Asquith
General Boles @generalboles.bsky.social · 30/06/2026
Hydration break #FraSwe
1334
Richard Asquith @richard-asquith.bsky.social · 23/06/2026
Happy Brexit 10th anniversary #Prague 2 hours
041
Richard Asquith @richard-asquith.bsky.social · 20/06/2026
open.substack.com/pub/jasquith... Every generation gets radicalised differently. Some had Vietnam. Some has Tiananmen Sqaure. This one has six months at Burger King and emerged demanding nationalisation.
open.substack.com
On the Slop floor
A Former Worker's Case for Nationalising Burger King
020
Richard Asquith @richard-asquith.bsky.social · 17/06/2026
There’s a lot to be pessimistic about at the moment - but @j-amesmarriott.bsky.social @ Dominic Sandbrook adding to it with the Death of Literacy with social measures last night was at least fun. @theresthistory.bsky.social
040
Reposted by Richard Asquith
Dmitry Grozoubinski @explaintrade.com · 10/06/2026
It's just remarkable that if you're white, male, and conservative you are allowed to call for political violence that would get anyone who doesn't tick all those boxes absolutely pilloried. The group with the fewest legitimate grievances in society provided the widest grace to rage. Wild.
301645507
Reposted by Richard Asquith
Rasmus Corlin Christensen @phdskat.org · 27/05/2026
What does Trump 2.0 mean for tax multilateralism? In a new paper in the British Tax Review, I look at why (and how) international tax cooperation has proved surprisingly resilient in an age of multilateral breakdown. Open access: doi.org/10.31235/osf...
184
Reposted by Richard Asquith
Giles Wilkes @gilesyb.bsky.social · 27/05/2026
Great thread, though I do think "you can't raise VAT because that causes rates to go up" is rather questionable
2141
Richard Asquith @richard-asquith.bsky.social · 27/05/2026
🤖 expect govt’s to burn through ideas on taxing AI (token or SaaS levies) till they realise the mechanism they need is already there www.vatcalc.com/global/how-t...
vatcalc.com
How to tax AI - vatcalc.com
Artificial Intelligence promises extraordinary productivity gains.
000
Richard Asquith @richard-asquith.bsky.social · 26/05/2026
The TikTok medium is the message. McLuhan for the algorithm age open.substack.com/pub/jasquith...
open.substack.com
Media, Hot and Cold
Marshall McLuhan and the YouTube Short
010
Richard Asquith @richard-asquith.bsky.social · 12/04/2026
Happy b’day global VAT. Will you look this good at 72? www.vatcalc.com/global/10th-...
vatcalc.com
Happy 72nd Birthday to VAT - vatcalc.com
Value Added Tax turns 72 today, 10th April 2026.  It was first introduced in April 1954 in the French colony of Ivory Coast. VAT was then implemented in
010
Richard Asquith @richard-asquith.bsky.social · 20/03/2026
⛽ Iran conflict inflationary pressures starts off tax cuts www.vatcalc.com/spain/spain-....
vatcalc.com
Spain cuts fuel VAT to 10% as energy shock response - vatcalc.com
Spain is preparing an emergency indirect tax package to soften the inflationary impact of escalating Middle East tensions, with a headline measure to reduce
010
Richard Asquith @richard-asquith.bsky.social · 05/02/2026
Drunk on bad tax policies www.vatcalc.com/united-kingd....
vatcalc.com
UK Reform 'Save our Pub' 10% VAT rate - popular politics, poor policy - vatcalc.com
Nigel Farage’s Reform UK Party - which is leading in UK opinion polls - announcement of a five-point rescue package for Britain’s pub and hospitality sector
000
Richard Asquith @richard-asquith.bsky.social · 29/01/2026
🪖Swiss mull 2028 0.8% VAT rise for "deterioration of the security situation". On top of approved 2028 0.7% rise for pensions www.vatcalc.com/switzerland/...
vatcalc.com
Switzerland mulls 0.8% VAT rise 2028 for military expansion - vatcalc.com
World's only single tax engine & reporting application, uniquely codifying Swiss and global VAT rates for live invoice determination and returns
000
Reposted by Richard Asquith
Sam Lowe @samuelmarclowe.bsky.social · 17/01/2026
Can the US impose tariffs on some members of the EU and not others? Yes (and there is precedent). Would those tariffs be difficult to enforce? Also yes.
510125
Richard Asquith @richard-asquith.bsky.social · 04/01/2026
Check out 2026 Global Vat rate changes www.vatcalc.com/global/2026-...
vatcalc.com
2026 global VAT rate changes - vatcalc.com
Below listed are the primary updates to standard and reduced Value Added Tax, Goods and Services Tax and Sales Tax around the world - including new indirect
010
Richard Asquith @richard-asquith.bsky.social · 26/11/2025
Anyone else have scrap Bingo Duty 2026 on their Budget Bingo card?
030
Richard Asquith @richard-asquith.bsky.social · 26/11/2025
Labour Budget closes VAT private car hire operator loophole - Bolt & Uber - 1st Jan 2026 www.vatcalc.com/uk/uk-budget...
vatcalc.com
UK Budget: VAT on private ride-sharing operators 1st Jan 2026 - vatcalc.com
The 26 November UK 2026 Budget, from Chancellor Rachel Reeves, is excluding private hire vehicle operators / platforms from TOMS -  imposing VAT collections
010
Richard Asquith @richard-asquith.bsky.social · 06/11/2025
Liability fears push OpenAI to warn on AI tax advice reliance www.vatcalc.com/global/opena...
vatcalc.com
OpenAI warns off use of AI as tax advisor - vatcalc.com
In a quiet but significant policy shift, OpenAI has reclassified ChatGPT as an educational tool rather than a consultant, effectively barring the system from
010
Richard Asquith @richard-asquith.bsky.social · 29/10/2025
The AI that lied: fake Polish VAT rulings loses company €4m contract www.vatcalc.com/global/ai-va...
vatcalc.com
AI VAT hallucinations cost a business a €4m contract - vatcalc.com
Artificial intelligence is being hailed as a revolution in how businesses process information, prepare documents, and handle compliance.
010
Richard Asquith @richard-asquith.bsky.social · 24/10/2025
So the 1990s gave us the ‘knowledge economy’—and now AI is basically the liquidation sale. Everything must go, including your thoughts substack.com/@jasquith/no...
substack.com
Embracing the Artifice
Some Thoughts on A.I.
020
Richard Asquith @richard-asquith.bsky.social · 29/09/2025
How to raise VAT when you, errrr, promised not to www.vatcalc.com/uk/uk-labour...
vatcalc.com
UK Labour to widen VAT base at 2025 Budget? - vatcalc.com
On 29 September, UK Chancellor, Rachel Reeves, repeated that the standard VAT rate will not rise in line with the election manifesto promise.  But the
010
Richard Asquith @richard-asquith.bsky.social · 24/09/2025
Russia's defence spending forces VAT hike in 2026 to 22% www.vatcalc.com/russia/russi...
vatcalc.com
Russia 2026 2% VAT rise to 22% - vatcalc.com
Russia’s Ministry of Finance has put forward a 2% VAT rise to 22% from 1 January 2026. The VAT registration threshold will also be cut from Rub 60 million to
020
Richard Asquith @richard-asquith.bsky.social · 14/09/2025
Yawn. Speculation on latest desperate & ineffective VAT measure www.vatcalc.com/united-kingd...
vatcalc.com
UK mulls cutting VAT on domestic fuel: relief or blunt instrument? - vatcalc.com
The UK government is considering scrapping VAT on domestic fuel bills in the 26th November Budget. Chancellor Rachel Reeves has asked officials to examine the
220
Richard Asquith @richard-asquith.bsky.social · 02/09/2025
😵‍💫😵‍💫😵‍💫 www.vatcalc.com/uk/uk-to-rai...
vatcalc.com
UK to slash VAT registration threshold. No, wait, it’s going to hike it - vatcalc.com
At this Autumn’s Budget, the UK Chancellor, Rachel Reeves will need to raise billions to cover an emerging £50 billion fiscal hole that is spoking debt
110
Richard Asquith @richard-asquith.bsky.social · 25/07/2025
💥 Romania President today signs 2% VAT rise 1 Aug 2025 Happy weekend all lovers of VAT 😍
040
Reposted by Richard Asquith
Dan Neidle @danneidle.bsky.social · 22/07/2025
A UK wealth tax sounds simple: "tax the super‑rich, fund public services" But it's not. Our 16,000 word deep‑dive shows revenues are fragile, it puts growth, investment and jobs at risk, and there's no revenue before 2029. Here’s the evidence:
48277114
Reposted by Richard Asquith
Steve Peers @stevepeers.bsky.social · 16/07/2025
Some of the legal proposals for the next EU multi-year budget are now published - own resources and MFF proposals (scroll down) - commission.europa.eu/strategy-and...
commission.europa.eu
EU budget 2028-2034
The main aspects of the EU’s long-term budget for 2028-2034, its revenue and spending areas, as well as factsheets on key aspects are available on this page.
061
Richard Asquith @richard-asquith.bsky.social · 16/07/2025
How to raise VAT when you said you wouldn't www.vatcalc.com/uk/uk-labour...
vatcalc.com
UK Labour to widen VAT base at 2025 Budget? - vatcalc.com
The UK's Chancellor may opt at this late-October's 2025 budget to raise much-needed funding by changes to the nil-rating and reduced 5% rates.  Fresh debate
110
Richard Asquith @richard-asquith.bsky.social · 08/07/2025
EU rejects Italian tax speculative VAT assessments on free social media platform services www.vatcalc.com/italy/italy-...
vatcalc.com
EU VAT Committee disagrees with Italy's Meta, X & LinkedIn barter VAT stance - vatcalc.com
On 14 May 2025, EU's VAT Committee disagreed with Italy's interpretation of the right to assess VAT on the 'barter' exchange of free use of digital social
120
Richard Asquith @richard-asquith.bsky.social · 30/05/2025
Germany comes out punching: drawing-up 10% Digital Services Tax. In Feb, President Trump launched review of such discriminatory taxes, with tariff threat www.vatcalc.com/germany/germ...
vatcalc.com
Germany 10% Digital Services Tax proposal - vatcalc.com
The new Merz Federal government is considering a 10% levy on large digital platforms such as Google and Meta. In the current global tax regime, such digital
040
Richard Asquith @richard-asquith.bsky.social · 20/05/2025
This will nearly double the price of my next stylish pair of pants www.vatcalc.com/eu/eu-mulls-...
vatcalc.com
EU proposes €2 e-commerce import handling fee - vatcalc.com
As part of the 2028 EU Customs reform negotiations, the European Commission has issued an informal paper proposing a €2 customs administration charge on
010
Richard Asquith @richard-asquith.bsky.social · 19/05/2025
EU's to review Italy's questions on LinkedIn, X & Meta/Facebook VAT liabilities on 'free' access to their platforms in exchange (barter) for users' data www.vatcalc.com/italy/italy-...
vatcalc.com
Italy Meta, X & LinkedIn barter VAT question to EU VAT Committee - vatcalc.com
16 April 2025: Italy has requested from the VAT Committee (the EU's non-binding advisory group) an opinion on the VAT liabilities on 'free' social media
000
Richard Asquith @richard-asquith.bsky.social · 15/05/2025
#AI is mopping-up VAT fraud www.vatcalc.com/malta/artifi...
vatcalc.com
Artificial Intelligence picks up millions in VAT fraud - vatcalc.com
Malta has confirmed that in 2024 it collected an impressive €650 million more in tax compared to the previous year. Most of this increase was directly
000
Richard Asquith @richard-asquith.bsky.social · 15/04/2025
EU threatens to reheat Digital Services Tax proposal as leverage to Trump tariffs. (Although I’m not sure of mechanism? ‘Enhanced Cooperation’? www.vatcalc.com/eu/european-...
vatcalc.com
EU may revive Digital Services Tax proposal - vatcalc.com
The European Commission President, Ursula von der Leyen, has raised the prospect of restarting discussions between the EU 27 member states on a pan-EU 3%
010
Richard Asquith @richard-asquith.bsky.social · 10/04/2025
🥳 🎉 Happy b'day VAT! It's had one or two detractors this year; but still looks wonderful for its age in 175 countries www.vatcalc.com/uncategorize...
vatcalc.com
Happy 71st Birthday to VAT - vatcalc.com
Value Added Tax turns 71 today, 10th April 2025.  It was first introduced in April 1954 in the French colony of Ivory Coast. Then VAT was implemented in
020
Richard Asquith @richard-asquith.bsky.social · 04/04/2025
Happy weekend all VAT lovers 😍
251
Richard Asquith @richard-asquith.bsky.social · 02/04/2025
Digital Service Taxes - closing offshore tax loophole or illegal service import tariffs in disguise? www.vatcalc.com/global/are-d...
vatcalc.com
Are Digital Services Taxes good taxes? - vatcalc.com
Digital Services Taxes are the newest, and possible to newest extinct, class of taxation. President Trump signed in February an order to investigate
000
Richard Asquith @richard-asquith.bsky.social · 29/03/2025
open.substack.com/pub/jasquith...
open.substack.com
The Disappearances Begin
An old tactic finds a new target
010
Richard Asquith @richard-asquith.bsky.social · 24/03/2025
Bolt ride-sharing today wins VAT ruling. Could spill over to gig employment taxes obligations www.vatcalc.com/united-kingd...
vatcalc.com
UK Bolt ride-hailing wins TOMS VAT hearing - vatcalc.com
A UK's Upper Tribunal has 24 March 2025 rejected HMRC's appeal to block ride sharer Bolt from using TOMS. The case centred on whether Bolt’s app-based
011
Richard Asquith @richard-asquith.bsky.social · 23/03/2025
UK ministers with Peter Mandelson scramble for Digital Services Tax compromise to avoid US retaliatory tariffs www.vatcalc.com/united-kingd...
vatcalc.com
UK to limit Digital Services Tax under US pressure - vatcalc.com
The UK government is reviewing its Digital Services Tax (DST) as it seeks to persuade the Trump administration not to impose new tariffs on the UK. Ministers
032
Reposted by Richard Asquith
Giles Wilkes @gilesyb.bsky.social · 22/03/2025
Incredibly good historical account of land taxes and why they failed under Lloyd George worksinprogress.co/issue/the-fa... Note to self: read more Works in Progress! @watlingsamuel.bsky.social is the author I think
worksinprogress.co
The failure of the land value tax - Works in Progress
Land value taxes are once again becoming a popular all-purpose solution to housing issues. But implementing them in early 1900s Britain destroyed the then-dominant Liberal Party.
24111
Richard Asquith @richard-asquith.bsky.social · 19/03/2025
Poland risks US tariff retaliation as it mulls full DST, interpreted by new White House admin as discriminatory against US its digital giants www.vatcalc.com/poland/polan...
vatcalc.com
Poland to upgrade Digital Services Tax - vatcalc.com
Poland’s Finance Minister has indicated that a full Digital Services Tax, similar to those in operation in France and the UK, will be implemented. This
000
Reposted by Richard Asquith
Lawrence Freedman @ldfreedman.bsky.social · 12/03/2025
Will Russia agree to join the one month truce proposed by the US and agreed by Ukraine. In this post I explore the dilemma Putin now faces as this risks a frozen conflict without his aims achieved. (£/free trial). open.substack.com/pub/samf/p/p...?
open.substack.com
Putin's Dilemma
Can he agree a truce? On what terms?
27819
Richard Asquith @richard-asquith.bsky.social · 09/03/2025
It's going to get ugly in the UK... www.vatcalc.com/uk/uk-hair-t...
vatcalc.com
UK hair transplants ruled liable to 20% VAT - vatcalc.com
First-Tier Tribunal rules hair transplants for androgenetic alopecia are subject to VAT at the 20% standard rate, and may not benefit from the medical
110
Richard Asquith @richard-asquith.bsky.social · 24/02/2025
White House attack on VAT as tariff is ridiculous. But on firmer ground calling out UK France Italy Spain Turkey & Canada on DST's. Badly structured as tariffs on services; but really just symptom of antiquated global tax rules www.vatcalc.com/global/us-pr...
vatcalc.com
US President Trump Digital Services Taxes retaliatory tariff review - vatcalc.com
On 21 February 2025, US President Trump signed an order to investigate potential tariff retaliations against countries which have implemented Digital Services
010