Recruiters doing business abroad are being urged to put tax and compliance at the top of their priority list.
This advice comes from 6CATS International, in light of the second annual Global Talent Acquisition Day (GTAD).
According to latest data, the industry is currently flourishing, valued at £35.7 billion in the UK alone, with the international contractor market an especially lucrative arena.
At the same time, 6CATS International says the complexity of global compliance has increased, with the Common Reporting Standard and other initiatives making tax systems highly complicated.
Michelle Reilly, CEO of 6CATS and Founder of 6CATSPRO explained, ‘’Talent acquisition professionals provide the public and businesses with a highly important and instrumental service. It’s great to be able to celebrate the value they bring to the commercial world.
“Therefore, we want to offer agencies the best advice possible, and by making sure companies don’t overlook tax compliance, we can do just that. Unfortunately, the non-compliant actions of anyone associated with a firm, including contractors, could lead to heavy punishment.
“By ensuring that they have adequate procedures in place to prevent non-compliance, and act as a legal defence to any potential challenges, recruitment firms can carry on thriving and making a difference, wherever they choose to do business.”
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