Summary Government strategy thrown into disarray by Speaker’s ruling that Parliament cannot vote on the May withdrawal deal again The threat of no deal Brexit on 29 March has been reduced, but not entirely removed The threat of no deal Brexit at some point in the future is still there, but remains small Brexit will … Continue Reading
As it stands, the UK will cease to be a member state of the European Union (EU) as of 30 March 2019. On 24 November 2018, the UK and the EU agreed to enter into a Withdrawal Agreement (the Withdrawal Agreement). The Withdrawal Agreement provides in Article 127 (6) that during a transition period from … Continue Reading
As it stands, the UK will cease to be a member state of the European Union as of 30 March 2019. On 24 November 2018 the UK and the EU agreed to enter into a Withdrawal Agreement. The Withdrawal Agreement provides in Article 127 (6) that during a transition period from 30 March 2019 to … Continue Reading
In this Tax Notes Podcast, our tax and public policy partner, Jeremy Cape, discusses the tax issues arising from Brexit. Tax Notes Talk are weekly discussions of cutting-edge developments in tax, including up-to-the-minute changes in federal, state, and international tax law and regulations.… Continue Reading
The UK’s retail sector is one amongst many that will be significantly affected by the country’s withdrawal from the EU following a transition period. Yesterday we are launched the first edition of the Quarterly UK Retail Brexit Trade Review. The Review contains economic, policy and legal analysis on the impact of changed trading terms and … Continue Reading
Brexit takes us to Geneva Some say that Brexit negotiations with third countries have not yet started. They are forgetting an important prerequisite. For the UK to control and negotiate its own commercial policy independently, the journey could only start in Geneva. Here is why …… Continue Reading
On 9 October 2017, the UK Government published its White Paper on the Customs Bill, setting out the government’s approach to legislating for the future customs, VAT and excise regimes post-Brexit. This blog looks at the VAT position. The paper seems to suggest that the government is now accepting that import VAT will be payable … Continue Reading
Why the Involvement of the ECJ May Become a Stumbling Block On 29 March 2017 the UK delivered its notice to leave the European Union (EU) pursuant to Article 50 of the Treaty on European Union (TEU). Such notice started the two-year “sunset period”, at the end of which the UK will cease to be … Continue Reading
The UK’s triggering of Article 50 on 29 March 2017 means that it will officially cease to be a member of the European Union on 30 March 2019. As this deadline approaches rapidly, there are a multitude of issues to be resolved and legislative tangles to be unscrambled. One such problem area that has received … Continue Reading
More than a year has passed since the UK voted to withdraw from the European Union without much clarity ever given to businesses on what the terms of the intra-EU trade with the remaining EU27 would look like post-March 2019. This has led to many of our clients planning for the worst possible option, i.e. … Continue Reading
It is fair to say, this is not the result that many were expecting. Theresa May’s Conservatives, who anticipated an increased number of seats throughout the General Election campaign, find themselves the largest party in Parliament, but without an overall majority. At the time of writing, it appears that the Conservatives have struck a non-formal deal … Continue Reading
Clash of Philosophies There is a potentially irreconcilable clash of constitutional philosophies between the UK and the EU which results in certain “no go” areas on the EU side for the forthcoming Brexit negotiations. Perspective of the EU27 The EU27’s approach is driven by the perception that the European Union is not merely representative of … Continue Reading
