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,...

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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...

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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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