For press releases and sightings of Accordance in the wider press and media.
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.
Nicholas Hallam’s latest Financial Director article looks at the issues surrounding the reasons Britain vote to leave the EU a couple of months ago.
While article 50 has yet to be triggered, the appointment of David Davis as Brexit minister points to the UK government’s intentions of follow through on the result of the vote. The angry ‘Remainers’ have been blaming a “spasm of frustration and anger at a perceived deluge of immigration” as the reason they narrowly lost the vote, but as Nick writes, it appears that the biggest motivation for Leave voters may actually have been “the principle that decisions about the UK should be taken in the UK.”
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.
Many UK architect firms are in demand throughout the EU, but many are not aware of how engaging in work overseas will have implications for their VAT obligations.
Rob Janering, Associate Director at Accordance, has written an article featured in Industry Today, about what VAT considerations must be taken into account when taking on a project in another country, as there may be a need for that architect firm to become VAT registered immediately.
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.