Brexit - Will the UK and the EU reach a deal?
Brexit is in the news daily and as we watch the negotiations unfold and the political “twists and turns” happening it is important to note the transitional UK EU arrangement ends regardless of a “deal or no deal” on 31 December.
The Government is set to unveil its post-Brexit trading law on how it intends to police UK trade between different parts of the country. This has already caused much comment over elements which could allow minsters to modify the UK's existing exit agreement with the EU.
We are not here to comment on the politics or the negotiations but remind businesses that the key date to note for any new deal is 15 October which is when the UK wants a summit with the EU to agree terms. This would allow time for the deal to be ratified by both parties. This timeline may move!
What we can say is that over the next few months we will keep you up to date with the latest news and provide practical guidance on what steps to take before and after 31 December 2020.
The Government has produced a personalised list of actions for you, your family and your business to help prepare for Brexit. See: https://www.gov.uk/transition
If you would like more information please contact our Tax Partners, Steve Crompton or Lucy Williams, on the details below:
Partner – Head of Tax
direct dial: 01942 292541
mobile: 07790 840394
direct dial: 01942 292543
mobile: 07807 053494