Brexit and tax accounting for US companies

Companies with UK operations should consider the income tax accounting effects of Brexit notification, say Jennifer Spang, partner, and Kassie Bauman, director in the national professional services group at PwC US

On 29 March 2017, the UK government gave formal notice of its intention to leave the EU. This notice triggers the process of negotiating the UK’s exit, which will occur in two years, unless the deadline is extended or a withdrawal agreement is negotiated sooner.

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