Brexit: what does it really mean for you?

All of our articles following the UK's momentous Brexit decision
On 23rd June 2016 the UK voted to leave the European Union.

From the argument over selling bendy bananas to the threat of an emergency Budget, the EU referendum campaign has undoubtedly had its share of the headlines over the past couple of months. The biggest headline now though is of course that the UK has voted to leave the EU.

On this page you will find all of our articles on Brexit, focusing on the potential implications for individuals and employers, across a number of different UK sectors.

We are sure that you will find this page a useful point of reference throughout the coming months.

You can also keep up-to-date with ongoing developments by registering for our specialists news here.

EC VAT, Post Transition Period Guidance

EC VAT, Post Transition Period Guidance

HMRC has published new guidance for VAT issues after the transition period ends.   IMPORTS Postponed VAT accounting. Most businesses will use postponed VAT accounting for Imports (this will include goods from the EC which are currently called acquisitions)....

The Election Result: What are the tax implications?

The Election Result: What are the tax implications?

Tax implications of the Election Result The general election has ended and the Conservatives have secured a large majority winning 365 seats. What does this mean for tax?  How will the election result affect you or your business? Tax expert Craig Walker provides a...

Manufacturing orders increase after no deal brexit avoided

Manufacturing orders increase after no deal brexit avoided

Manufacturing orders increase after no-deal brexit avoided A survey conducted by the Confederations of British Industry (CBI) shows that there has been an increase in orders for British manufacturers during November, although this was against a backdrop of near decade...

Christmas Markets face extra challenges due to Brexit costs

Christmas Markets face extra challenges due to Brexit costs

Christmas Markets face extra challenges due to Brexit costs City centres will soon be transformed with the arrival of Christmas markets. However, the unpredictability surrounding Brexit means these festive features have faced extra challenges this year. The organisers...

Brexit causes housing market stand-off

Brexit causes housing market stand-off

Brexit causes housing market stand-off with buyers and sellers  House buyers and sellers are both holding back as the Brexit talks continues. Statistics for September displayed that the number of sellers putting their homes up for sale is the lowest level since June...

Brexit could cause property investment to surge

Brexit could cause property investment to surge

Brexit could cause property investment to surge  UK property investors are becoming more cautious whether to invest due to uncertainties around Brexit. But a new survey has suggested that when we do leave the European Union property investment will increase. According...

£8m campaign launched to help hauliers with Brexit Preperation

£8m campaign launched to help hauliers with Brexit Preperation

£8m campaign launched to help haulier with Brexit Preparations  Transport secretary Grant Shapps has announced that a multi-million-pound campaign is being launched in the UK and Europe to make sure that businesses and hauliers are prepared for a potential no deal...

Protection for flights and road after Brexit reaffirmed

Protection for flights and road after Brexit reaffirmed

Protection for flights and road after Brexit reaffirmed  On the 5 September 2019 the Government confirmed that they have measures in place to make sure flight and road haulage will continue to run smoothly after 31 October if the UK leaves the EU. There will also be...

Government invest £30 million to improve ports for Brexit

Government invest £30 million to improve ports for Brexit

The Government to invest £30 million to improve ports for Brexit The Transport Secretary announced on 30 August 2019 that the country’s ports will continue to run smoothly even after Brexit as the Government plans to invest £30 million in these facilities. For ports...

No deal Brexit to hit Small Businesses

No deal Brexit to hit Small Businesses

No deal Brexit will hit Small Businesses and Amazon Retailers In the event of a no deal Brexit small and medium sized firms (SME) and Amazon retailers will be especially vulnerable. CBI (Confederation of British Industry) say 40% of SMEs that trade internationally do...

Housing experts predict Brexit would cause house prices drop

Housing experts predict Brexit would cause house prices drop

Housing experts predict Brexit would cause house prices to fall A poll conducted by Reuters has found that housing experts predict that Britain’s property market will suffer with average prices dropping by around 3% nationally if we leave the EU without a deal. 85% of...

Charities warned to prepare for no-deal Brexit

Charities warned to prepare for no-deal Brexit

Charities warned to prepare for no-deal Brexit The National Council for Voluntary Organisations (NVCO) are urging the new minister for civil society to make sure charities are not ignored and receive the funding they need to prepare for a no-deal Brexit. After the...

Britains legal industry brace for a no deal Brexit

Britains legal industry brace for a no deal Brexit

Britain’s legal Industry brace for a no deal Brexit The UK is currently the second largest provider of legal services in the world and number one in Europe. But if a no deal Brexit goes ahead the future could be a lot less certain for Britain’s legal industry....

Exporters Need to be Prepared for a Potential no Deal Brexit

Exporters Need to be Prepared for a Potential no Deal Brexit

Exporters need to be prepared for a potential no-deal Brexit Deal or no-Deal Exporters need to be prepared If/When the UK leaves the EU, the rules on the shipment of goods will change. Shipping goods from the UK to EU member states will be known as exports rather than...

Tax Rates 2019/2020

Tax Rates 2019/2020

Tax Rates 2019/20 We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax...

Spring Statement 2019

Spring Statement 2019

Spring Statement 2019 Amidst all the Brexit debates, the Chancellor Philip Hammond presented his second Spring Statement on Wednesday 13 March 2019. In his speech the Chancellor provided an update on the economy and responded to the Office for Budget Responsibility...

HMRC sets out rules for postponed VAT accounting if no deal Brexit

HMRC sets out rules for postponed VAT accounting if no deal Brexit

HMRC sets out rules for postponed VAT accounting if no-deal Brexit HMRC has confirmed that in the event of a no-deal Brexit, from 11pm on 29 March 2019, businesses registered for VAT in the UK will be able to account for import VAT on their VAT return rather than pay...

Charity sector is ill prepared for a no-deal Brexit

Charity sector is ill prepared for a no-deal Brexit

Charity sector is ill prepared for a no-deal Brexit A survey conducted by the Charity Finance Group (CFG) has highlighted that Charities are ill prepared for the possibility of there being a no-deal Brexit. The UK is currently due to exit the European Union on 29...

How will Brexit affect the rail supply sector?

How will Brexit affect the rail supply sector?

How will Brexit affect the rail supply sector? The rail supply sector is a significant contributor to the UK economy worth around £36 billion each year to our national P&L account. With around 600,000 people being employed in the sector, a tax yield to the...

Autumn Budget 2018: Summary

Autumn Budget 2018: Summary

The Chancellor Philip Hammond presented his second Autumn Budget on Monday 29 October 2018. In his speech he stated that ‘austerity is coming to an end - but discipline will remain’. He also promised a ‘double deal dividend’ if the Brexit negotiations are...

Government reveals contingency justice plans for no-deal Brexit

Government reveals contingency justice plans for no-deal Brexit

The Ministry of Justice has published a technical notice about its plan for civil judicial cooperation in the unlikely event of a no-deal Brexit. The UK currently abides by EU rules to decide which country courts hear civil, family and commercial law cases that occur...

Political uncertainty sees manufacturing investments decline

Political uncertainty sees manufacturing investments decline

Surveys show that Britain’s manufacturers are no longer investing the amount they were in previous years in response to the growing political uncertainty and rising fears of the impact of global trade tensions. The annual EEF/ Santander Investment Monitor shows that...

Tax Rates 2018/2019

Tax Rates 2018/2019

Introduction to tax rates We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used.  ...

SMEs could face £3.6bn EU funding shortfall by 2021

SMEs could face £3.6bn EU funding shortfall by 2021

SMEs could face £3.6bn EU funding shortfall by 2021 According to a report by the Federation of Small Businesses (FSB), the UK's SME's could face a £3.6bn EU funding shortfall by 2021. The report suggests that deprived areas could be the hardest hit. Over the past 12...

Autumn Budget 2017: Summary

Autumn Budget 2017: Summary

Autumn Budget 2017: Summary The Chancellor Philip Hammond presented his first Autumn Budget on Wednesday 22 November 2017. His report set out a number of actions the government will take including support for more housebuilding. His view is that the economy continues...

Hospitality staff shortages a real concern after Brexit

Hospitality staff shortages a real concern after Brexit

Hospitality staff shortages a real concern after Brexit One of the key arguments during the Brexit vote was the belief to tighten up immigration and be more selective about who the UK allows in to live here. However, there is a chance this could have backfired, with...

A third of the UK’s food & farming businesses effected by Brexit

A third of the UK’s food & farming businesses effected by Brexit

Over a third of the UK's food and farming business could become "unviable" after Brexit A report by the Food and Drink Federation (FDF) has revealed that one in three of the UK’s food and farming businesses would become “unviable” without European workers – 36% of...

Fall in the pound boosts UK tourism numbers

Fall in the pound boosts UK tourism numbers

Fall in the pound boosts UK tourism numbers Since the EU referendum, the value of the pound has fallen, however one positive to come out of its decline is a boost in tourism numbers for the UK, with the UK enjoying record numbers of overseas visitors in the last year....

10 ways Brexit may affect tourism

10 ways Brexit may affect tourism

10 ways Brexit may affect tourism  Wednesday 29 March was the date when Article 50 was officially triggered, and with that marks the two-year process in which the UK leaves the EU. However, the implications for British travellers are yet to be resolved. In this...

Brexit and Agriculture: The potential choices

Brexit and Agriculture: The potential choices

Brexit and Agriculture: The potential choices  The Prime Minister has made the initial announcement about the path to Brexit. What form will Brexit take? In this article, we look at agriculture's Brexit choices. Hard Brexit: The World Trade Organisation (WTO) This...

For more information on the impact on Brexit

If you wish to speak to one of our specialist tax team about Brexit and what the changes may mean for you or your business, please get in touch. To book your free initial meeting, please make contact with your nearest office.

We look forward to hearing from you!