Online VAT fraud has been highlighted as a growing risk that costs the tax payer £1.2bn per year. As a result, the government announced additional measures intended to stunt this incline.
The VAT blog maintained by Accordance CEO, Nicholas Hallam.
Tackling VAT fraud with increased reporting measures across Europe is integral to understand right now. To date, 13 countries have implemented these measures in attempt to combat fraud and close the “The VAT Gap”.
Nicholas Hallam has discussed the measures being implemented by EU Member States and how these may affect the UK taxpayer in an article for Accountancy Age. The article titled “EU tax authorities: Anti-fraud measures and a grab for cash” explains what is already in place, as well as proposed measures & highlights how the tax authorities are working together (MARD).
With uncertainty surrounding all facets of Brexit, it is prudent to consider the eventualities that can effect different business processes.
Nicholas Hallam has written an article, featured in Supply Chain Digital, which analyses the impact that Brexit could have on supply chain operations from a; Political, Economic, Sociological, Technological, Legal, and Environmental (PESTLE) perspective.
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.
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.