Indirect taxes have always formed a highly profitable service line for the majority of the top 25 accounting firms and several niche players. With Brexit on the horizon, the indirect taxes advisory market has exploded with unanswered questions. Will businesses need to pay customs duty and import VAT when goods cross the new border? This has led a large number of businesses in the UK to carry out a Brexit indirect tax assessment.
Another significant contributing factor, that is driving demand is the effect of Big Data on the market. More and more of our clients now need tax professionals who are data and technology savvy. Tax professionals can't deny that the market is moving towards implementing further technology solutions that will reduce the amount of manual advisory work. Making Tax Digital is a significant illustration of the path the indirect taxes market is on. At Stonebridge, we feel highly comfortable operating across all levels from Juniors to Partners, whether that be in-house or working for a global advisory firm. We can deliver the specialists that are needed, more so now than ever before. The indirect tax market has evolved.
