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Cross-Border Tax Services
Navigating the complexities of cross-border taxation can be daunting for businesses involved in international trade. As goods crossing international borders, fiscal considerations become crucial for compliance managers and tax professionals. While customs laws traditionally focused on import duties, the landscape has evolved to include a broader range of taxes, such as Value Added Tax (VAT), Plastic Tax, and the Carbon Border Adjustment Mechanism (CBAM). These additions significantly complicate the regulatory environment, which is constantly changing.​
Understanding Post-Brexit Cross-Border Challenges
​Post-Brexit, the movement of goods across borders presents new challenges that can leave businesses feeling uncertain about their compliance obligations. Many companies are unaware of the risks they face due to inadequate knowledge of post-Brexit regulations and the complexities of cross-border information flows. This lack of awareness can lead to errors and omissions in tax reporting, often caused by human error or inefficient auditing processes that fail to track purchases and sales accurately. Failure to reconcile this information periodically can result in significant discrepancies, making it difficult to match tax transactions with actual trade transactions.
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Identifying and Mitigating Risk Areas
​Several specific risk areas include:
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Absence of proof of export
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Difficulty in identifying the importer of record
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Challenges in matching VAT transactions
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Unauthorised use of an importer’s Economic Operator Registration and Identification (EORI) number
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Inability to trace trade documents and customs declarations
Our Expertise in Cross-Border Tax Services
Our team of experienced consultants specialises in reviewing and optimising your cross-border processes. We establish conventions to prevent potential problems related to import and export transactions. Our goal is to help you set up compliant systems and controls that ensure efficient, low-risk cross-border operations.
Tailored Solutions for Your Business
Our team of experienced consultants specialises in reviewing and optimising your cross-border processes. We establish conventions to prevent potential problems related to import and export transactions. Our goal is to help you set up compliant systems and controls that ensure efficient, low-risk cross-border operations.