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Breaking away

28 June 2016 / Richard Curtis
Issue: 4556 / Categories: Comment & Analysis
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The UK’s decision to leave the European Union and its impact on our tax legislation.

KEY POINTS

  • A ‘decisive’ vote to leave the European Union.
  • Over the period of membership the UK tax system has become increasingly influenced by the EU.
  • The UK is expected to leave the customs union.
  • How will Brexit affect VAT reclaims from other states?
  • Returning expats may need revised tax advice.

Well that’s it then; without so much as a by your leave or a thanks for ‘café society’ the Mediterranean diet eastern European builders German automobiles and holiday homes in France we’re off. The nation has spoken – in my view a little uncertainly despite the BBC describing the result as ‘decisive’ – and the UK is set to leave the European Union. No doubt non-EU countries will be looking forward to trading with...

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