BREXIT – what’s the deal?

KEY POINTS

• Many tax incentives for the research and technology sectors have originated in the EU.
• Continual improvements to the UK research and development regime since FA 2000.
• The House of Lords’ Science and Technology Select Committee report highlights the possibility of two sets of regulations.
• Research and development should prosper regardless of the EU referendum

The Brexit arguments have become familiar to us over the past few weeks. If we remain in the EU the UK economy will benefit from free trade collaboration and tariff free commerce. If we leave the UK can take advantage of alternative trade and economic partnerships and unburden itself from regulation and allegedly onerous financial responsibilities. The ramifications of the decision are as extensive as the power brokers seem to be short...