ACCA welcomes the opportunity to provide feedback on the UK Trade with the EU: Call for Evidence. As a global chartered professional accountancy body representing members and future members working across business, practice, public sector and financial services, ACCA has a strong interest in ensuring that the UK’s future trading framework supports growth, competitiveness, investment and professional mobility. As a professional accountancy body, we see a number of specific areas of our work where the links between the UK and EU have a positive impact on our economy and where further opportunity exists, especially for UK export of services, such as education and professional services.
We are pleased to provide comment across four headline priority areas for improving the UK-EU trading relationship;
- Mobility of professionals and skills recognition
- Regulatory cooperation and reduction of non-tariff barriers
- Supporting SMEs engaged in cross-border trade
- Digital trade and data cooperation
ACCA believes the UK and EU should adopt a pragmatic and economically focused approach to future cooperation. While political debates around Brexit continue, businesses require stability, predictability and functional trading arrangements. ACCA encourages the UK Business and Trade Committee (the Committee) to continue dialogue about alignment of accounting standards across international markets, including the EU and ACCA are ready to engage with the Committee on this further.
To read the response in full, please download the consultation response document found on this page.
