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22 May 2006
The Accenture ruling on VAT on outsourced services will threaten jobs, the finance director of Aviva has said.
The ruling meant that financial services companies outsourcing work in the EU had to pay VAT on the work. They are usually exempt, and experts say the extra 17.5% charge often entirely outweighs the benefits of outsourcing.
The ruling 'can positively encourage companies, such as my own, to look to outsource to less developed economies,' Andrew Moss, the group FD at Aviva, told the Financial Times.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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