Malkin: preparing for a no deal Brexit and the impact on tax

Although there is still little detail on the UK’s exit from the EU, the government has published guidance on how to prepare for a no deal scenario. Jane Malkin, European head of tax development at Tax Systems, explains how a no deal Brexit will affect tax and provides tips on steps businesses can take to prepare

Departure from the EU is imminent, for which the basis is still unclear, with this in mind the UK government has published guidance on how to prepare for Brexit if there is no deal situation. However, there are compelling economic interests in the UK and the EU reaching a deal.

Currently, the UK is poised to leave the customs union at the end of 2020, what will follow remains contentious and it is this ‘unknown’ that keeps UK business owners up at night. We simply do not know how Brexit will impact taxes on trade, although we can explore the likely outcomes.

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Business | King’s Speech outlines closer trade ties with EU, less red tape

Business | Warning on tax adviser regulation by the backdoor

Finance | Legal updates: tail clauses, engagement letters and advisor fees

Finance | Legal updates: breaking boardroom deadlock between shareholders

Navigate

Tax Services

Your free features:

Sign up to Business & Accountancy Daily