Cross-border tax complexity cost UK manufacturers £24bn in lost revenue last year, according to new research commissioned by tax compliance technology company Avalara, Inc. from the Centre for Economics and Business Research (Cebr).
The report finds that the stresses of navigating complex regulations post-Brexit continue to hold back growth for UK manufacturers, and is causing significant anxiety for business leaders. Complexity is damaging growth potential for UK manufacturers As the economy works to recover post-pandemic, many UK manufacturing businesses remain optimistic for future European growth opportunities, with nearly…
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