FiscalReps Response to Brexit
Amidst the ongoing uncertainty surrounding Brexit, FiscalReps would like to reassure clients of the continuity of our services regardless of the outcome and consequences of the UK leaving the EU.
As you will be aware, Theresa May has confirmed that Britain will exit the EU at precisely 11pm on Friday 29 March 2019, and with Draft legislation heading towards the committee stage, speculation and discussion continue unabated on the consequences of the UK’s withdrawal from the Single Market.
With a network of European subsidiaries already in place, FiscalReps and our parent company, Sovos, are well placed to continue providing uninterrupted European insurance tax compliance services post Brexit.
Our acquisition by Sovos in October of this year will provide further comfort for our clients.
Sovos, with further offices across North America (Atlanta, Boston, Boulder and Minneapolis) and Latin America (Sao Paulo and Tucuman) is the leading software provider for global tax compliance and business-to-Government reporting solutions, reducing regulatory burdens and risk for clients while helping them grow through Intelligent Compliance. The Netherlands office already facilitates the filing and reporting of VAT returns across Europe, providing a solution should an alternative European base be required for insurance tax filings post March 2019.
As a group, we are confident that we have the right organisational structure, global footprint, resources and processes in place to face any Brexit outcome to ensure our clients’ ongoing premium tax compliance.