In June 2016, the shape of Europe changed for good. In the United Kingdom, a referendum was held to decide whether the country should leave the European Union or remain within the community. More than 30 million British people voted, and ‘leave’ won by 52%.
The impact of Brexit on trade and investment will be most severe in the United Kingdom, and the perception of the country as an attractive place for business is likely to be affected. However, there will also be an impact on European companies that do business in the United Kingdom as well as supply chains that intersect the UK. Other countries will also be influenced in various ways.
What will the impact of the Brexit be on your business? In the video below, International Tax Partner Toine Geesink shares some of the potential tax consequences for your company.
Bol International can assist and advise you with:
- VAT filing requirements; acting as your VAT representative
- Expatriate services (e.g. tax and social security planning)
- Setting up legal and tax-efficient structures
- Accounting and audit services
- Transfer pricing services
Read more about cross-border trade and transactions: ‘Trade and transactions between EU countries’