Whilst UK companies can account in euro and submit their returns in euro to Companies House, the UK VAT authorities are insisting on all of their information being in sterling. A UK company can issue a euro invoice with VAT calculated in sterling at the rate that day, but the company receiving the invoice may find that the rate has moved significantly, and it will lose out on the VAT conversion.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.