Following the triggering of Article 50 on 29 March 2017, starting the negotiating process for the UK to leave the EU, the implications for software developers and their customers have yet to be established.
Although negotiations are still very much at an early stage and a time-line for our departure has yet to be agreed, BASDA and its members need to be ready to move quickly to react to legislative changes.
We are following all developments closely in order to provide our members with guidance that helps them mitigate against risks to themselves as businesses, and also ensure their software products are updated in line with policy changes which will affect their customers.
Ongoing analysis of developments will also enable is to identify commercial opportunities for BASDA members. Businesses with cross border supply chains may well need to re-think operational processes, automate procedures and improve backroom efficiencies. As a result, these companies are highly likely to require help from BASDA members.
Customs Duties, Tax and Tariffs
Following the initial round of negotiations, The EU has made clear that it will not discuss Britain’s future trading relationship – including customs arrangements – until it has reached agreement on several key issues, including the terms of the financial payments Britain will make on exit.
As the future of the customs union has implications in terms of how business use software to manage customs duties, taxes and tariffs, BASDA will be working closely with government departments and agencies in order to help members fully understand the shifting landscape and make plans accordingly.
The terms of any post-Brexit trade agreements that are struck will also have a big impact on tax implications and in turn, the way in which businesses which trade within the EU use software to fulfil their accounting and reporting obligations.
Employment and Talent Acquisition
Many software development firms in the UK routinely employ EU nationals, both internally and remotely. According to Tech UK, one in six new hires between 2009 and 2015 were EU citizens. Changes to existing legislation with governs the employment of EU nationals will have a significant impact on many BASDA members and we will be working to identify the effects before any new laws are implemented.
Alternatives to EU Research Grants
Once we have left EU, it’s likely that access to EU research grants will come to an end. Although this will effect only a proportion of BASDA members, we will be exploring the alternative options for R & D and business development as we believe these are particularly valuable for new and growing software development companies.
News and Insights
Keep up to date with Industry News and Insights from across the BASDA membership.
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Special Interest Groups
Established Specialist Interest Groups led by members on behalf of members addressing key issues that impact the software industry and our customers.
Representing and working for members from the early stages of Making Tax Digital, we aim to ensure that future regulations are appropriately influenced at government level, before official implementation, for the future benefit of our customers and members.
Representing members at Government decision making level to influence the requirements and legislation being introduced. We provide the opportunities to help influence decision making and implementation, in addition to providing foresight and product planning information vital for development road maps.
The requirement is for electronic exchange to become the predominant invoicing method by 2020 continues. BASDA focuses on enabling members to maximise eBusiness Technology and to facilitate the widest possible and seamless adoption and support interoperability.
A collaborative forum where new ideas, best industry practice and marketing information to support strategic business growth applicable the B2B environment and specifically to the business software industry is shared for the benefit of members.
Focussing on matters affecting the software products that firms of accountants use and, by extension, their clients. We provide an early introduction to matters in the regulatory and compliance environment, many of which have serious strategic impacts upon software developers, their customers and their customers’ clients.
Representing members on the Operational Forum of HMRC’s Construction Industry Scheme to contribute to the discussion on the operation of the scheme and ensure software changes are prioritised and appropriately considered.
Find out more about the benefits of BASDA and how to join.