The following Tax guidance note provides comprehensive and up to date legal information covering:
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 on Brexit and after the end of the implementation period. For more information on the Withdrawal Agreement generally, see Practice Note: Brexit—introduction to the Withdrawal Agreement.
As of exit day (11 pm on 31 January 2020), the UK ceased to be an EU Member State and no longer participates in the political institutions and governance structures of the EU. However, in accordance with the transitional arrangements provided in Part 4 of the Withdrawal Agreement, exit day marks the commencement of an 11-month implementation period (IP) during which the UK will continue to be treated by the EU as a Member State for many purposes.
Under the current terms, the implementation period runs from exit day until IP completion day (11 pm on 31 December 2020). During this period, the UK must continue to adhere to its obligations under EU law (including EU treaties, legislation, principles and international agreements), and submit to the continuing jurisdiction of the Court of Justice of the European Union in accordance with the Withdrawal Agreement.
Exit day is still key in terms
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