BusinessCompany NewsAccenture ruling ‘will threaten jobs’

Accenture ruling 'will threaten jobs'

VAT ruling on outsourced services threatens call centre jobs in the UK, insurer says

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.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor