The prospects of the UK leaving the EU on 29 March 2019 without a deal on its future trading relationship with the EU27 continue to fluctuate wildly.
Regulated businesses, particularly those in the financial sector, have been working on their Brexit contingency plans for some time. Many other businesses may have been relying on the prospect of a transitional period extending to the end of 2020 before finalising their plans allowing time to implement any structural changes. But with the uncertainty over any withdrawal agreement continuing, such businesses can no longer afford to discount the possibility that the UK will crash out of the EU without a deal on 29 March 2019.
With that in mind, we have set out below our checklist of some of the key tax-related matters that finance and tax directors should be considering before Brexit day.
Importers of goods from the EU:
Exporters of goods to the EU:
The authors thank Lewin Higgins-Green for his contribution.
The prospects of the UK leaving the EU on 29 March 2019 without a deal on its future trading relationship with the EU27 continue to fluctuate wildly.
Regulated businesses, particularly those in the financial sector, have been working on their Brexit contingency plans for some time. Many other businesses may have been relying on the prospect of a transitional period extending to the end of 2020 before finalising their plans allowing time to implement any structural changes. But with the uncertainty over any withdrawal agreement continuing, such businesses can no longer afford to discount the possibility that the UK will crash out of the EU without a deal on 29 March 2019.
With that in mind, we have set out below our checklist of some of the key tax-related matters that finance and tax directors should be considering before Brexit day.
Importers of goods from the EU:
Exporters of goods to the EU:
The authors thank Lewin Higgins-Green for his contribution.