UK leaving the EU: Briefing paper on direct and indirect tax implications – June 2016
The British public have spoken and made clear that they see the UK’s interests best-served by leaving the European Union. Explore this insight prepared by our Deloitte UK office to find out more about what this change can mean for UK and EU businesses.
In the short term, the vote in favour of the leaving the EU will have little, if any, immediate impact on indirect or direct taxes. The UK remains an EU Member State until a secession agreement is concluded. Few changes are likely to occur while the secession negotiations take place and the scope of future tax changes would be determined by the outcome of these negotiations.
Following secession, it is possible that the UK’s approach to taxation could diverge from the current position, as future governments could have additional freedom of choice.
To explore further, please visit our Deloitte UK webpage dedicated to impacts of the EU referendum (or Brexit).