Brexit: what does it really mean for you?

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.

Tax Rates and Allowances 2021/22

Tax Rates and Allowances 2021/22

Introduction 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 rates As...

Budget 2021

Budget 2021

Budget 2021 The Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021. In his speech, he stated his Budget 'meets the moment with a three-part plan to protect the jobs and livelihoods of the British people'. Main Budget proposals Tax measures...

Do you need Brexit training or professional advice?

Do you need Brexit training or professional advice?

The UK Government is launching new financial support for small and medium-sized businesses that import and export from/to the EU, the SME Brexit Support Fund. If you are a business importing and exporting goods, the Support Fund could help you by funding up to £2,000...

Brexit’s Impact on Transport and Logistics

It’s all gone quiet over there…or has it? Now that we are approaching a month into the brave new world of the UK being outside of the confines of the EU and well into a third Covid “lockdown”, one could be forgiven for thinking that the much-predicted bedlam at the...

DAC6 – How have the rules changed since leaving the EU?

DAC6 is a system of mandatory reporting of cross-border tax arrangements, where these affect one or more EU member states and fall into one or more particular characteristics (hallmarks). Following the UK leaving the EU, DAC6 will no longer be applied in its entirety....

Brexit Business VAT Guide

Brexit Deal – A VAT guide for businesses.   The UK and EU have completed a deal so that trade can be done between the two entities without tariffs or quotas. However, further negotiations are on-going, for example in the area of services where there is currently...

Get prepared for the end of the Brexit transitional period

It is time to prepare for the end of the Brexit transitional period. Whilst the United Kingdom officially left the European Union (EU) on 31 January 2020, this prompted the start of an 11-month transitional period during which time the UK remains part of the Single...

How Will Brexit Affect the Legal Sector?

Who would have thought that as we enter the final stretch of 2020 the UK is yet to agree on a trade deal with the EU? Even though a deal has not yet been agreed the Solicitors Regulation Authority (SRA) has confirmed that some changes will definitely happen no matter...

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...

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!