Brexit—potential impact on UK tax
Brexit—potential impact on UK tax

The following Tax guidance note provides comprehensive and up to date legal information covering:

  • Brexit—potential impact on UK tax

This Practice Note sets out the areas of UK tax law that are likely to be affected by the UK's exit from the European Union (EU) (Brexit) and how—explaining what the current position is with regards to EU-derived law and the possible options or outcomes that may arise including in the event of a no deal Brexit.

The potential impacts will vary significantly depending on any exit route that is negotiated and agreed between the EU and the UK, in particular during any negotiated transition period. For more detail on the possible trade model variations, see Practice Note: Brexit—alternative UK trade models, and to track the progress of UK legislation introduced as part of the preparation for the UK’s withdrawal from the EU, see the: Brexit legislation tracker.

For more information on preparing for a no deal Brexit and tax, see: A Brexit tax checklist: are you ready for 'no deal'? (2019): Tax Journal, Issue 1430, 14, Supplying services to the EU from the UK in the event of a no deal Brexit—checklist and Buying services in the UK from the EU in the event of a no deal Brexit—checklist.

Area Existing UK position Potential impact and developments
General