VAT revenues double up at Anderson Anderson & Brown
Anderson Anderson & Brown LLP (AAB), the accountancy and business advisory firm, has seen revenues generated by its VAT team almost double in the last three years.
The firm, which operates from bases in Aberdeen, Edinburgh and London, said it had “consistently grown year on year for the last 30 years”.
Its indirect tax team, which covers VAT, duty and environmental taxes, is led by director Alistair Duncan and now has a complement of five indirect tax specialists following the recruitment of a graduate trainee earlier this year, with further recruitment currently ongoing to meet an increasing client demand in the Central Belt.
Revenues generated by the VAT team has almost doubled in the last three years to £750,000, AAB noted.
Duncan said: “The revenue growth we have achieved has been driven purely based on client demand as businesses recognise that this area of tax is becoming increasingly complex.
“Badged as the ‘simple tax’ when it was introduced, VAT, along with the other indirect taxes, is no longer a simple matter.
“Collectively, we have a broad range of specialist skills as a result of working in practice, HMRC and private industry. We are delighted to be adding to this with the recruitment of an experienced Indirect tax manager which is currently underway.”
He added: “Brexit poses a number of challenges to UK businesses wishing to trade with the rest of the EU, and EU businesses looking to trade in the UK. The complexities surrounding areas such as the movement of goods, import and export procedures and the supply of services should be on the radar of these businesses.”
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