The VAT blog maintained by Accordance CEO, Nicholas Hallam.
Ahead of Trump’s inauguration, Accordance’s CEO, Nicholas Hallam, has written for Financial Director exploring the 45th USA President’s approach to VAT and international tax policy.
Historically, VAT has been a controversial subject in American politics and Trump argues against the supposed ‘unfairness’ of the indirect tax.
Nicholas Hallam has written for Accountancy Live, about the EU Commission’s plans for VAT harmonisation.
Restricting indirect tax fraud is the current main driver for the spate of proposals centering around VAT recently (the latest being a follow up to the EU’s VAT Action Plan, published last spring), and ever closer harmonisation continues to be the direction of travel in order to achieve their goals.
Nicholas Hallam writes for Accountancy Live this month, about how the EU Commission is stepping up it’s involvement in Member States’ tax affairs to ensure increasing tax harmony across the EU.
Highlighting a recent ruling from the EU Commission that Ireland’s tax deal with Apple, in which they are estimated to pay only 3% corporation tax, is considered state aid and should therefore be penalised €13bn for the ‘sweetheart deal’, Nick points out that there is a struggle between a Member State’s desire to be attractive to businesses in the comptetive landscape, and the EU Commissions mission of harmonisation.
In the wake of the Brexit result, Accordance was approached to provide a commentary about what could happen to EU VAT the UK’s shock vote to leave the union.
Nicholas Hallam has written ‘Goodbye to all VAT? EU Indirect tax after Brexit’, which looks at the likely consequences for VAT in a post-Brexit Britain, including why the tax is unlikely to be done away with.
In May, Accordance’s CEO, Nicholas Hallam, attended the International VAT Association Conference in Vienna, and was also asked to speak on a panel at the Institute of Directors, in London, at their Brexit conference.
These two events have influenced and informed his latest article, in Accountancy Age this month, which highlights the broader context of the In/Out debate, and the setting in which the EU Commission has recently published it’s EU VAT Action Plan.
Businesses trading cross-border are often highly desirable to private equity houses seeking to invest in successful but developing companies.
However, as Nicholas Hallam writes in Private Equity News this month, many PE houses may be exposing their portfolios to significant risk if the companies they are investing in are not VAT compliant.
Nicholas Hallam has written for Accountancy Age about the VAT issues surrounding ‘Brexit’ this month.
The article highlights how VAT may be affected by Brexit (“VAT – as the Action Plan repeatedly points out – is a European invention, a prerequisite for countries wishing to join the Union, and the tax at the heart of the EU project.”), and how the recently released ‘EU VAT Action Plan’ may be a determining factor in whether Brexit occurs.
Nicholas Hallam has written a very interesting article about VAT responsibility for Accountancy Live this month.
The article looks at the latest developments in responsibilisation, taking into account the UK’s stance in the Budget last week, and how there is a strong possibility of a progression from holding warehouses responsible for unpaid VAT to holding accountants responsible for their clients non-compliance.
In his latest article for Financial Director, Nicholas Hallam discusses the complexities of cross-border VAT Recovery.
VAT Recovery went through major reform in 2010 as part of the ‘VAT Package’, and while there is consensus that this has improved the ease of filing straightforward T&E claims, there is greater risk associated with attempting to recover larger accounts payable refunds.
Nicholas Hallam has again written about the VAT implications that businesses need to be aware of before considering crowdfunding as a way to raise revenue, this time for Global Banking & Finance Review.
There are several questions to be answered in order to work out the correct VAT treatment that needs to be applied to crowdfunding revenue, including: