New Business Models In A New Global Landscape
SAP, Deloitte, and Vertex reveal key success factors for global expansion—covering platforms, selling models, legislation, tax, and customer experience.
Read Time 37 Mins
Despite the latest indecision and disarray concerning how the United Kingdom (U.K.) will formally leave the European Union (EU), there is at least one Brexit prediction that business and tax leaders can take to the bank: No matter what happens, indirect tax management will get even more complicated for companies that do business in the U.K.
Overall business costs are likely to increase as well. The rise in cost and complexity stems from the fact that changes to the U.K.’s current value added tax (VAT) rules and interpretations (which no longer will be based on EU VAT principles and case law) as well as uncertainty about trade agreements (resulting in more complex supply chains) are all but assured to follow in the wake of the U.K.’s formal departure (i.e., the completion of the Article 50 process).
To be sure, there is still technically time for a range of Brexit outcomes. As business and tax leaders monitor daily Brexit twists and turns, they should keep an eye on the following dates:
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