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Telecommunications and Accession

 
Ian Dawes Ernst & Young LLP London explains the typical issues that would arise in the telecommunications industry following accession and the need to recognise change
 
The telecommunication industry has as a general rule embraced change rather than shunned it. Change has come in many forms be it regulatory the liberalisation of markets or the development and adaptation of new technology such as the Internet. Accession and all that it brings is another area of change that over time will be embraced by the industry. In the meantime the industry must ensure that it is ready.
 
An important subset of the subject of 'change and accession' is VAT. Failure to have an awareness of the VAT implications that arise from accession will result in...

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