Briefing

Preparing for Brexit from an indirect tax perspective

Nearly three months have elapsed since the triggering of Article 50 and we are now cognisant of the fact that Brexit is a reality and no longer mere speculation. For some businesses, the impacts may be subtle but for others the effects may be significant. The UK has just come through a snap general election which has arguably left the UK government in a weaker position as it enters negotiations to exit the EU.

Preparing for Brexit from an indirect tax perspective is not an easy task, particularly given the complexities these taxes (VAT/customs duties) presents in their own right. Therefore, it is critical for businesses to prepare for the outcomes from an indirect tax perspective without delay.

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