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Brexit News
Brexit News
07
Feb
Brussels, 7 February 2019
President Juncker and Prime Minister May have met today to review the next steps in the UK's withdrawal from the EU.
The talks were held in a spirit of working together to achieve the UK's orderly withdrawal from the EU, especially in the context of a shared determination to achieve a strong partnership for the future given the global challenges the EU and the UK face together in upholding open and fair trade, cooperation in the fight...
06
Feb
If the UK does not end up remaining in the customs union or in the EU VAT area under a no-deal Brexit scenario, firms can expect an increase in processing time and costs.
When assessing the tax impact of no-deal Brexit you have to look at the rules which are directly derived from the EU legal framework and those which are indirectly impacted. VAT, Customs Duties, State Aid and to some extent withholding tax (WHT) are the primary ones affected,...
06
Feb
Brussels, 6 February 2019
The Withdrawal Agreement and the Political Declaration have been negotiated in good faith and have been agreed by all 27 Leaders of the European Union Member States as well as by the United Kingdom Government.
As we have said on many occasions, the Withdrawal Agreement is the best and only deal possible. It is not open for renegotiation.
The backstop is an integral part of the Withdrawal Agreement. While we hope the backstop will not need to be...
04
Feb
By Bruno Gasparotto, Sophie Weyten, Nicolas Conrad, Claire Schmitt
The Luxembourg VAT authorities (AED) have published a short preparedness notice about the VAT related consequences of a British exit from the European Union (EU) without a withdrawal agreement as from 29 March 2019.
Concerning supplies of goods between EU Member States and the United Kingdom (UK), the intracommunity rules for cross-border supplies and movements within the EU will no longer apply to the UK as from 29 March 2019. Supplies and movements of goods...
04
Feb
By Hadas Gold, CNN Business
February 4, 2019
London (CNN Business)- Companies in the United Kingdom are spending less and scaling back plans because of Brexit fears that have pushed business confidence to its lowest level in a decade.
The dire outlook was revealed Monday in surveys published by Deloitte and the Institute of Chartered Accountants in England and Wales.
Deloitte found that chief financial officers have adopted their "most defensive strategy stance in nine years." Revenue growth expectations have dropped to their lowest level...
01
Feb
LONDON (Reuters) - The European Union’s markets watchdog said it has approved an agreement on supervisory cooperation with Britain after Brexit to avoid disruption to cross-border financial services like asset management.
“The board agreed in substance the Memorandum of Understanding and will provide more detail shortly,” a spokesman for the European Securities and Markets Authority (ESMA) said on Thursday.
The MoU was negotiated with Britain’s Financial Conduct Authority (FCA) to ensure that regulators in the bloc and London agree to exchange...
30
Jan
Brussels, 30 January 2019
Speech by President Jean-Claude Juncker
Mr. President,
Honourable Members,
In less than 60 days, the United Kingdom is due to leave the European Union. This is a bad decision, as I find.
Even as the Commission has defended the interests of the European Union, this spirit of respect and friendship has accompanied us at every step in these negotiations. The Withdrawal Agreement and Political Declaration agreed by all 27 Leaders and the United Kingdom government is the result of that....
30
Jan
By Mats Persson, EU UK& Brexit Lead & Specialist Advisor to the UK Prime Minister 2015-2016
Webcast today
We will host an update webcast discussing yesterday’s developments including whether the EU will allow for any renegotiating of the Withdrawal Agreement, with Jan Grauls, a former senior Belgian Diplomat and Mats Persson, former Special Advisor to the UK Prime Minister.
Register now. Wednesday 30 January, 14:00-14:30 then available on-demand using same link.
Latest developments:
The UK Parliament last night voted on a series of amendments...
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