Tax Entangled in Brexit

Wolters Kluwear, Special for USDR

The United Kingdom voted to leave the European Union, history was made, the Prime Minister announced his resignation, a country became polarized, and many questions remain. Brexit will have a tremendous financial impact on the world from trade to taxation and much of this international story is still unfolding.

Wolters Kluwer Tax and Accounting is closely monitoring the recent events in the UK and has released an analysis of today’s historic news. Additionally, Joy Hail, JD, LLM, and Manager, International Tax for Wolters Kluwer Tax and Accounting, is available for interviews and analysis to help understand this complex referendum. Among the topics Ms. Hail can discuss:

• Article 50 of the Lisbon Treaty, a two-year period that allows for the UK to leave the EU
• If the UK may remain a part of the Single Market
• The ramifications for the UK, in terms of taxation and the economy
• New tariff and non-tariff barriers associated with a Single Market when doing business in the EU
• New barriers – both tax and non-tax to non-EU markets
• Implications on the Union Customs Code framework
• Impact on the UK’s value-added tax (VAT)
• International taxation

When: Ms. Hail is available for phone interviews to provide background and analysis on the tax implications of Brexit.