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Regulatory Affairs – Riding the Credit Crunch Rollercoaster
In the past companies would outsource to ‘plug a gap’ reacting to a crisis situation. Thought wasn’t given to the added value these experienced personnel could bring to their business and it was rare for a company to consider outsourcing as a strategic move.
VAT Reduction Could Be a Bigger Problem For UK Businesses Than the Millennium BugThe UK Government is likely to cut UK VAT from 17.5% to 15% – but this could cause chaos. Because the UK has had the same VAT rate since computers came in to wide use many systems have not been written to handle a change in rates. This could impact many companies billing and core accounting systems at a time when they can least afford it.