Resources to help your organisation plan for the Brexit tax impacts
For the next two years the UK will negotiate its departure from the European Union and agree a new partnership to ensure the continued success and operation of both parties.
While it is difficult to predict the outcome of the discussions and its precise impact to existing EU tax and accounting regulations, we do know that through the Great Reform Act, the UK will be converting existing European legislation into UK law – keeping the parts that the UK considers “practical and appropriate”. As a result of this, and coupled with the timing of HMRC’s Making Tax Digital (“MTD”) program, we certainly expect a lot of movement in the Tax & Accounting space over the coming years, with major changes expected to existing Customs and Excise duties, indirect taxes, direct tax and other regulatory reporting obligations.
Trusted answers to Brexit tax and accounting questions
At wedo accounting, we believe in providing the best-in-class comprehensive tax solutions and are closely monitoring the impact of Brexit and MTD (on our customers and our products) to guide you through this period of uncertainty. As firmer details are published, we will engage our customers and be offering appropriate advice and guidance to make sure their businesses are in the best shape possible to mitigate against any risks and take advantage of the opportunities available.