Brexit – what are the corporate tax implications for companies?
On 29 March 2017 the UK Government triggered Article 50 of the Lisbon Treaty to formally notify its intention to leave the European Union (“EU”) within a two year period.
Although it is difficult at this stage to provide specific details of how the UK taxation system will be impacted by Brexit, the likelihood is that there will not be any immediate change to direct and indirect taxes. The actual tax impact of Brexit will be better understood once the terms of any Brexit agreement have been concluded with the EU.
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