Post-Brexit Trading | PSD2 | Emerging Markets

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European trading difficulties after Brexit are expected by 80% of UK businesses, a study by VAT consultancy firm Accordance reported.

However, 60% of respondents do not have a strategy to combat the impact on their business’ VAT position after March 2019.

When questioned about specific business areas that respondents were most concerned about, supply chain topped the list at 27%, closely followed by import VAT at 25% and fiscal representation at 23%.

Nicholas Hallam, CEO of Accordance, suggests that businesses need to “consider their VAT position and develop a strategic plan for the complex issues around Brexit and the difficulties of trading with Europe once we are outside the current VAT systems.”

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The Treasurer's Update: May 31st

Brexit 80% of businesses expect difficulties in European trading post-Brexit

Open Banking PSD2 - banking on a game changer in ecommerce

Macroeconomics Emerging markets: challenge or opportunity