Preparing to leave the European Union
The UK’s decision to leave the European Union (EU), known as “Brexit”, will have implications for businesses, individuals, the economy and the tax system.
Negotiations for leaving and the UK’s future relationship with the EU are being overseen by the Department for Exiting the European Union. The latest version of the UK/EU Withdrawal Treaty was published in March 2018. The House of Commons Library published a Negotiations Update in June 2018, and the UK and EU have published a joint progress statement. On 12 July 2018, the government published a White Paper on the future relationship between the UK and EU. In addition, the House of Commons Library has compiled a useful selection of analysis and comment on Brexit.
The key issues that make Brexit a very important and an immediate issue for businesses include:
Whilst the final outcome of any deal between the UK and the EU is yet to be agreed, we are already helping our clients to plan ahead for the likely changes. We can help you understand the overall position of Brexit and how the UK/EU divorce is likely to evolve up to the end of the transitional/implementation period.
Posted by Wendy Andrews on August 7, 2018
Bank of England Governor, Mark Carney, has recently pointed out that should the UK leave the EU in March 2019 without a deal in place, there would be serious consequences for both the UK and […]