Scotland issues a call for views on the impact of Brexit

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The Scottish parliament’s European and External Relations Committee (EERC) has issued a call for evidence to seek views on the implications for Scotland to leave the European Union following Brexit vote

The EERC has called on businesses, organisations and individuals in Scotland to participate and offer their views by Monday 5 September.

The call for evidence follows work carried out by the committee to inform UK and Scottish ministers in their ongoing negotiations.

The EERC is seeking views on issues such as the alternatives to EU membership, the implications on Scotland, the withdrawal process and the time taken to deal with the ongoing negotiations, amongst other things.

In order to explore all the possible options the EERC is looking into what alternatives to EU membership may exist.

The committee is interested in views from groups such as the Chartered Institute of Taxation (CIOT) for Scottish tax implications.

CIOT said: ‘We understand that the Committee would be interested in our views on such issues as what happens with customs duties, VAT, corporate tax regimes, withholding taxes and tax charges on cross-border mergers, the impact that membership of the EU has had on controlled foreign companies, transfer pricing and corporate distribution rules.’

The committee will issue an interim report in August of the initial evidence they have heard so far but the evidence gathered from this call for views will inform the committee’s future work.

Convener of the EERC, Joan McAlpine MSP, said: ‘Our initial evidence-taking has only just scratched the surface of identifying the true impact on Scotland as a result of the Brexit, but it is clear much more work is needed. This is why the committee has asked for more views from across Scotland on how leaving the EU will impact upon them.

‘Scotland is interconnected with the EU across a number of areas. From people, to investment, students, research and regional development funding to name a few. We need to understand both in the long and short term how Scotland will change as a result of this vote.’

Amy Austin | Reporter, Accountancy Daily [2016-2019]

Amy Austin was reporter, Accountancy Daily and Accountancy magazine, published by ...

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