Press Room

For press releases and sightings of Accordance in the wider press and media.

Press Coverage | Companies Continue To Plan In Times Of Uncertainty

Although only one in four businesses have started ‘scenario planning’ for Brexit, many senior professionals are beginning to take steps to mitigate the risks of this uncertainty.

Our  recent survey revealed that, while doubts around the outcome of Brexit negotiations continue to discourage many companies from future-planning, the survey shows that over a quarter of respondents say their company has a Brexit strategy in place or is currently formulating one.

A summary of the results have been featured here on:

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Bloomberg | Simplifying VAT in the U.K.

The recent report from the Office of Tax Simplification in the U.K. looked at measures which could help with maintaining the current yield of value added tax (”VAT”) but at the same time make it simpler for businesses to collect the tax and for HM Revenue & Customs (“HMRC”) to administer it.

At the start of November 2017 the U.K. Office of Tax Simplification (“OTS”) published its long-awaited report “VAT: routes to simplification.” This set out a number of findings and recommendations to make value added tax (“VAT”) in the U.K. a simpler tax to manage.

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Accountancy Age | EU tax authorities: Anti-fraud measures & a grab for cash

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).

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Supply Chain Digital | What impact will Brexit have on supply chain operations?

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.

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Accountancy Age | 5 ways business models can affect VAT liability

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.

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