Chartered accountants and business advisers PKF Francis Clark have introduced another member to their VAT team based in the firm’s Truro office, in preparation for the legislative changes and Brexit complications that 2019 will bring.
The firm that is celebrating its Centenary year and has seven offices across the South/South West has recently welcomed Richard Phillips to their office in Cornwall. Richard is the third recruit that has joined the VAT team from HMRC this year, which the firm has described as “HMRC’s loss being PKF Francis Clark’s gain”.
Due to increased demand for PKF Francis Clark’s VAT services, the team that provides advice on VAT and customs duty to both clients and non-clients in Cornwall has been subject to significant growth over the years. It has expanded to a total of 17 members across all offices from what was just one VAT specialist for the whole firm ten years ago.
Requirement for the team’s specialist advice is only set to rise, with the introduction of Making Tax Digital for VAT (MTDfV) coming into effect in the UK in April 2019. This will mean that the majority of business owners and individuals will be expected to keep their VAT records digitally. This is in addition to the VAT matters that will arise as a result of the impact that Brexit will have on businesses that trade with EC member states, as well as customs duty becoming a bigger issue.
As always, the specialist VAT team across the region will continue to provide help, advice and reassurance with compliance and efficiency reviews, training, and guidance across the firm’s client base.
Julie Towers, Head of VAT at PKF Francis Clark said: “It remains an exciting time for the firm. Our team has grown rapidly over recent years as we have become well known in the region for the strength of VAT service. We are pleased to welcome Richard to the team, adding to the expertise and experience that we have and helping us to continue to deliver high levels of service to our clients in this complex and important field, especially in what is an uncertain time for UK businesses”.