Key Compliance Risks During Disruption
📋 Missed Filing Deadlines
VAT returns, GOSI payments, and ESR filings don't stop for crises. Penalties accrue regardless of business disruption. Ensure delegation of filing authority.
💾 Data & Records Loss
NBR requires 5-year record retention. Loss of invoices, contracts, or financial records during disruption creates audit exposure. Cloud backup is essential.
👥 Key Person Dependency
If your sole accountant or finance manager is unavailable, can filings still happen? Cross-training and outsourced backup are critical.
BCP Checklist
✅ Cloud accounting software (QuickBooks, Xero)
✅ Automated VAT return reminders
✅ Outsourced payroll backup provider
✅ Dual authorization on NBR portal
✅ Off-site document backup (7-year minimum)
✅ Written delegation of compliance authority