Brexit Resources for Tax Professionals
In 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. The U.K. will then 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.
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.
- Brexit Frequently Asked Questions (FAQs) and Answers for Tax Professionals: Answers common questions clients are asking their CPA; use this guidance as talking points to address client concerns.
- Advising Clients on the Impact of Brexit: Podcast addresses immigration, trade, economic, and political consequences.
- Brexit: Major Tax Changes for Global Businesses: Reviews various changes for clients doing business in the U.K., Tax Insider, Nov. 2016.
- The Impact of Brexit on Your Clients' Investments: Predictions and advice on market considerations from well-known financial professionals, AICPA Insights, June 2016.
- Brexit Lesson: Focus on Consequences, Not Cause in Scenario Planning: Steps for organizations to take for future planning, Journal of Accountancy, June 2016.
CIMA and CGMA Resources
- U.K. Election Results Add to Brexit Uncertainties: Discusses the impacts of the U.K. election on June 8, 2017 on Brexit negotiations, CGMA Magazine, June 2017.
- Of Big Bets and Real Risks: Brexit's Effect on Business Sectors: Provides further analysis on the recent election, CGMA Magazine, March 2017.
- How to Prep for a Post-Brexit Talent Pipeline: Discusses how the U.K.'s withdrawal from the E.U. would exacerbate a talent shortage in Britain, CGMA Magazine, Feb. 2017.
- Regulators, Business Leaders Respond to Brexit: Excerpts provided by government and financial service leaders.
- Businesses Consider the Effects of U.K. Decision to Leave the E.U.: Examines consequences and planning opportunities.
- How to Manage a Short-Term Currency Fluctuation Risk: Tips on managing currency changes.
- Must-Reads on Brexit: Summary of numerous articles related to business issues.
- Priorities for Businesses in Wake of Brexit Vote: Covers key considerations for businesses and investors.
- Brexit resources: Landing page for numerous resources including articles, whitepapers, and other analysis (ICAEW)
- Brexit's Impact on U.S. Companies, PwC
- The Future for U.K. Business, Jordans Trust Company, June 2017
- Hold Tight But Have Faith: Why Tech Firms Shouldn't Panic About Brexit and the Hung Parliament, Tech City News, June 2017
- Brexit Fears Highest Amongst Bankers, Financial Director, May 2017
- Brexit's Big Brother Effect on M&As, Financial Director, May 2017
- What Small Businesses Want from Brexit, HW Fisher and Company, May 2017
- How Will Brexit Impact Financial Services Firms, HW Fisher and Company, April 2017
- A Third of Businesses Not Ready for Brexit, Financial Director, March 2017
- Brexit: Top Five Tax Implications for Businesses, Financial Director, June 2016
- Brexit Myth-Busting: A Brief Analysis for Business, Withers, LLP, June 2016
- Brexit Corporate Tax Issues, Withers, LLP, June 2016
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