Post-Brexit Tax Implications
Quite unsurprisingly, the Brexit implications have been widespread across the U.K. In an act to attract businesses and address certain challenges, tax-related developments are taking shape.
The Post-Brexit Tax Implications report explores nuances of the EU-U.K. Trade Cooperation Agreement and the tax ramifications multinational corporations and their advisers should consider, including:
Potential tax measures to attract asset management firms and investors
- Real estate investment trusts (REITS) rules
- Tax treatment of mixed asset funds
- Value-added taxes (VAT) and application
- Exemptions and impact on tax treaty benefits
Export and import challenges
- Access to transit documents
- Shortage of agents and guarantees
- Delays at Her Majesty’s Revenue and Customs
Tax rules and relevant agreements
- U.K.-EU trade difficulties
- E-commerce companies and “geo-blocking” sales
- DAC-6 departure and adoption of OECD’s disclosure rules
Implications for U.K. lawyers and accountants
- Auditor status
- Guarantees for lawyers