Brexit Resources

Brexit Resources for Tax Professionals 

brexit tax implicationsIn a historic vote on June 23, 2016, the residents of the United Kingdom (U.K.) decided to withdraw from the European Union (E.U.). In order for this withdrawal to occur, the U.K. must first invoke Article 50 of the Lisbon Treaty which starts the departure process. This was done by current Prime Minister, Theresa May on March 29, 2017. The U.K. will now have two years to negotiate its withdrawal. Although it will still abide by E.U. treaties and laws until the withdrawal becomes effective, the U.K. will not take part in any decision making. Further uncertainty remains after the U.K. election on June 8, 2017 which resulted in a hung Parliament and forced the current administration to form a minority government.

Though many questions and uncertainties remain, tax practitioners need guidance and tools to advise clients today. This page provides up-to-date information on these developments and helps tax practitioners understand Brexit impacts on taxes, investments, and related international business issues to best serve their clients.

AICPA Resources

CIMA and CGMA Resources

External Resources

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Reviewed June 15, 2017

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