Consequences of Brexit

After several weeks and months of intense debate, the British public has spoken two weeks ago and made clear that it sees the UK’s interests best served by leaving the European Union (EU).

Clearly, nothing will change in the short term, but the consequences on the medium/long term of the UK’s leaving the EU are, from a taxation perspective, significant. In addition, Brexit may affect London’s position as one of the key financial centres in the EU.

In that context, Deloitte’s Customs and Global Trade team presents an overview of some expected Indirect Tax consequences (including VAT, Customs and ERP).