Evelyn Partners, the leading integrated wealth management and professional services group, is pleased to announce the appointment of Håkan Henningsson with a remit to build a Customs & Excise team. The new service offering in Evelyn Partners’ professional services business will be aligned with the other indirect and corporate tax advisory services already offered by the firm.
Håkan specialises in identifying duty cost reduction opportunities and risks in the international supply chain. He will offer Evelyn Partners’ clients “real life” experience, having spent many years working as inhouse customs adviser for global corporations such as GE, Cisco Systems, Philips and Diageo before building a Customs team at BDO from 2015.
The launch of the new team comes in response to Evelyn Partners seeing increased demand from clients across the UK for customs advisory services. Brexit brought customs matters to the fore, adding cost and complexity to goods movements between the EU and UK. In the year after Brexit, 34 million additional customs declarations were filed for UK imports and exports, effectively doubling the number of declarations and significantly increasing duty costs for businesses.
Sunil Parmar, Partner and Head of Indirect Tax at Evelyn Partners commented:
“I am delighted to welcome Håkan to Evelyn Partners to build a new team in an area where we are seeing increased demand from clients to provide advice. He has considerable experience in this space and his skill set of providing practical advice and putting clients’ interests first fits well with Evelyn Partners’ wider aspirations.
“In response to the increased number of customs declarations made post Brexit, HMRC are incrementally increasing the number of post-importation compliance audits carried out on large and small businesses alike. This means added risks and costs for our clients which following Håkan’s appointment is something we can now effectively help them mitigate. We can assist on all import/export matters across all industry sectors, including private clients (yachts, aircrafts, etc).”
Håkan added: “What attracted me to Evelyn Partners was the focus on collaboration and clients’ needs. I am excited to join the firm and to be able to offer our clients a new service line in the form of Customs and Excise advisory services. I firmly believe our clients will benefit both in terms of mitigating duty costs in today’s challenging economic climate and to ensure they don’t unintentionally fall foul of complex UK and EU customs and excise laws. I look forward to developing this new service offering in close cooperation with our other tax service lines.”
Evelyn Partners is the UK’s leading wealth management and professional services group, created following the merger of Tilney and Smith & Williamson in 2020. With £62.2 billion of assets under management (as at 30 June 2024), we are one of the largest UK wealth managers ranked by client assets and the seventh largest accountancy firm by ranked by Group fee income (source: Accountancy Age 50+50 rankings, 2023).
We have a network of offices in 30 towns and cities across the UK, the Republic of Ireland and the Channel Islands. Through our operating companies, we offer an extensive range of financial and professional services to individuals, family trusts, professional intermediaries, charities, and businesses.
Our purpose is to ‘place the power of good advice into more hands’, and we are uniquely well-placed to support clients with both their personal financial affairs and their business interests. Our personal wealth management services include financial planning, investment management, personal tax advice and, through Bestinvest, we have a multi award-winning online investment service for self-directed investors. For businesses, our wide range of services includes assurance and accounting, business tax advice, employee benefits, forensics, fund administration, fund governance, recovery and restructuring and transaction services.
For further information please visit: www.evelyn.com
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. This briefing does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication.
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