This briefing note is an overview of how Brexit may affect UK tax, including the impact on direct tax of change to freedom of movement; capital duties; social security agreements. The practical implications of Brexit on direct tax, particularly around cross-border activities and cross-border re-organisations are explored, as are potential impact on indirect tax such as VAT. Plus, a look at what Brexit means for customs duty.
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of publication.