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Predictions for 2017: no more status quo for accountants and tax advisers

In our annual review, we talk to leading tax and accounting experts about their concerns and hopes for 2017 from Brexit scenario planning to the rushed move to HMRC Making Tax Digital and a host of new financial reporting requirements. By Rachel Willcox

BREXIT

Karen Briggs, head of Brexit, KPMG UK

There is a huge amount of detail on Brexit still to emerge. The government has repeatedly said it does not intend to give a running commentary but where does that leave accountants and business advisers? We have consistently advised clients to get on with as much contingency planning as possible. 

Even without the detail of what Brexit will look like it is possible to analyse a business and model how changes to the four freedoms, access to the single market, customs union and the regulatory framework in which we operate might affect it. 

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