UK leaving the EU
Briefing paper on direct and indirect tax implications
In the short term, a vote in favour of leaving the EU will have little, if any, immediate impact on indirect or direct taxes. The UK would remain an EU Member State until a secession agreement had been concluded. Few changes are likely to occur while the secession negotiations take place and the scope of future changes would be determined by the outcome of those 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. Some of the possible models for post‑EU arrangements would include continued adherence to the EU’s direct tax obligations, though.