As the official Brexit negotiations start this week, Accordance’s CEO, Nicholas Hallam, discusses the effect Brexit is expected to have on VAT and EU tariffs in Financial Director this month.
The VAT blog maintained by Accordance CEO, Nicholas Hallam.
Nicholas Hallam recently spoke with Reuters Correspondent, Tom Bergin, for his exclusive article about Uber’s tax position in the UK.
Accordance have written extensively in the past about the consequences of Uber’s justifications that their business model means they do not have to pay UK VAT.
Being aware of VAT obligations – and how a business model may affect them – will enable business owners to make informed decisions and minimise tax risks when determining the business structure that they adopt.
Accordance have written for Accountancy Age, examining the importance of being able to justify your business’ desired operational framework from a compliance perspective. In the current political and regulatory environment, being able to substantiate and justify the commercial and economic realities of your business structure and minimise tax authority challenges is key.
Following his previous article on the subject, Nicholas Hallam has written about VAT responsibilisation post Brexit.
EU tax authorities now have a limited amount of time to collect money from UK businesses, given the likelihood of the UK leaving the Mutual Assistance Recovery Directive (MARD) post-Brexit. However Nick points out that tax authorities have become:
When the UK leaves the EU, the cross-border VAT environment for businesses will change.
Nicholas Hallam, Accordance’s CEO, has written for Accountancy Age to highlight the practical measures that businesses can take to ease the transition and minimise risk before new arrangements come into force.
Following the release of the EU’s White Paper on the Future of Europe, Nicholas Hallam has written for Accountancy Age about the Commission’s VAT agenda.
He notes that while ever closer union is, as it has always been, top of the agenda for the EU Commission, there is a shift towards an openness to alternatives in the report – brought about by Brexit and the uncertainty of election outcomes across Europe.
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.