PracticePeople In PracticeEU summit affects UK accountants’ work options

EU summit affects UK accountants' work options

UK accountants to miss out on work opportunities in the EU after summit in Brussels.

An opportunity for British accountants to work in other European Union (EU) countries under their own standards and professional bodies, appears to have been lost at last week?s (March 22-23) EU summit in Brussels.

Link: Push for greater EU accounting transparency

Heads of government agreed to rewrite a proposed services directive put forward last year by former internal market commissioner Frits Bolkestein, after pressure from Germany, France and others.

Their key objection was a proposed ‘rule of origin’ allowing any service provider legally established in a member state to ply their trade across the EU, while complying with the professional regulations of their home country.

Paris and Berlin feared their highly regulated services would have been adversely affected by lighter regulated service providers, especially those from eastern Europe.

The summit agreed the current draft failed to ‘preserve the European social model’ of higher salaries and taxes.

The debate now shifts to the European Parliament, which will propose its own amendments to the directive.

German MEP Evelyne Gebhardt has told France’s Le Figaro newspaper that she would propose writing the principle of ‘mutual recognition’ into the law, which can enable governments make additional demands on service providers.

Related Articles

BDO promotes 1,110 people

Accounting Firms BDO promotes 1,110 people

1m Alia Shoaib, Reporter
Deloitte appoints former RBS Group Strategy Director as partner

Big Four Deloitte appoints former RBS Group Strategy Director as partner

1m Alia Shoaib, Reporter
RSM extends private client legal services with new appointment

People In Practice RSM extends private client legal services with new appointment

2m Austin Clark, Reporter
KPMG makes UK head of automotive appointment

Big Four KPMG makes UK head of automotive appointment

2m Emma Smith, Managing Editor
Grant Thornton expands financial services regulatory team

Accounting Firms Grant Thornton expands financial services regulatory team

2m Austin Clark, Reporter
KPMG hires new head of international tax

People In Practice KPMG hires new head of international tax

2m Emma Smith, Managing Editor
Partner promotion announced by MHA MacIntyre Hudson

People In Practice Partner promotion announced by MHA MacIntyre Hudson

2m Austin Clark, Reporter
BDO strengthens Bristol team with new audit partner

Accounting Firms BDO strengthens Bristol team with new audit partner

2m Austin Clark, Reporter