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Sovos: Acquires VAT managed services company Accordance

December 10, 2020

Tax software provider Sovos has acquired Accordance, a U.K.-based value-added tax managed-services company
The global coronavirus pandemic has created an atmosphere of change for VAT countries
While Sovos’s competitor Vertex embarking on a U.S. IPO plan based on the success the Supreme Court’s Wayfair decision
The EU 2021 E-commerce VAT Package will mark a transformation in how sellers and platforms outside the EU can import goods sold
Designed to close VAT collection gaps on transactions of every size, this e-commerce legislation will require many e-commerce platforms
The company also acquired Booke, which provides educational seminars to employees of American insurance companies