EU ruling a threat to SMEs

Experts have claimed that thousands of “kitchen table” entrepreneurs could be forced out of business by a new EU tax law. From today, all companies selling digital products must navigate a hugely complicated VAT system, leading critics to warn that even the smallest businesses may have to hire accountants and spend hours on paperwork, forcing many to close. The new law requires firms to charge VAT based on the country where the buyer lives, rather than where the seller is based. The change means fledgling businesses must now record which European country each customer is from and charge their national VAT rate. They must also keep hold of customers’ home and bank addresses for ten years. It is estimated that 250,000 businesses will be affected by the changes.

Source: Daily Mail

For more on this, see our BKL Briefing of last month.



Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.


Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.


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