Brexit

Insight / Article 50 to be triggered on 29 March

Prime Minister, Theresa May will trigger Article 50 and officially begin the process for the UK to leave the EU on 29 March 2017, Downing Street has confirmed

Insight / Preparing for Brexit: essentials for accountants

Carmine Papa, managing partner at PKF Littlejohn, outlines the steps that businesses need to start taking now in order to prepare for a post-Brexit world, including risk analysis and response planning

Tax / London mayor warns of post-Brexit ‘race to bottom’ on tax

As the deadline for triggering Article 50 approaches, Sadiq Khan, the mayor of London, has criticised the threat from government ministers to turn the UK into a ‘low-tax, low-regulation, tax-haven economy’ if they are unable to reach a deal with the EU within two years

Tax / Sturgeon calls for second Scottish independence referendum

First Minister, Nicola Sturgeon, has confirmed plans to ask for parliamentary approval to hold a second Scottish referendum, expecting to hold a vote in 2018/19

Insight / Financial services expertise to remain post Brexit

As part of the process of preparations for triggering Article 50 to leave the EU, government ministers have held a roundtable underlining their commitment to maintaining London’s position as a global financial hub

Insight / UK climbs to third place in investment attractiveness

The Brexit vote and the uncertainty surrounding the UK’s future relationship have not dented the UK’s attractiveness to investors, with the UK moving up the rankings to third place in a PwC poll of the most important country for growth prospects

Insight / Two thirds of UK manufacturers plan to stay put post-Brexit

Two thirds of FTSE 100 and FTSE 250 UK manufacturing executives have no plans to move following the referendum vote to leave the EU, while nearly half are not worried about any potential Brexit uncertainty, according to a survey by KPMG

Accounting / Stallabrass: post-Brexit accounting standards from UK GAAP to IFRS

Matthew Stallabrass, partner in the corporate team at Crowe Clark Whitehill, considers how Brexit may affect the future use of key accounting standards in the UK from FRS 102 - new UK GAAP - to International Financial Reporting Standards (IFRS) 

Insight / Internationally mobile workers risk being hit by double tax bill

Internationally mobile employees are being penalised as they often have to pay double tax, while  complex tax treaties leave them out of pocket and there is a lack of clarity on pensions and social security payments, according to a study of international tax practitioners around the world, conducted by Blick Rothenberg

Insight / An FD’s guide to surviving uncertain times

From budget reviews to cashflow control, extraneous events like Brexit and potential political instability, finance directors can protect their businesses from external factors by putting an effective risk management plan into place, says Phil Scott, managing director at FD Recruit

Insight / Devolved administration finance ministers’ warning on Brexit

The UK government stands accused of failing to provide devolved administrations with necessary information or clarity on how exiting the EU will impact their economies and budgets, the finance ministers of Scotland, Wales and Northern Ireland have said, following a quadrilateral meeting where they raised serious concerns over potential problems

Insight / Brexit to increase demand for accountants

Accountants will be increasingly in demand during the Brexit process as companies look to reshape their business models in the post-EU environment, according to a joint study into the attitude of MPs commissioned by ACCA and AAT

Tax / Bill authorising EU withdrawal passes Commons

The bill giving prime minister Theresa May the authority to trigger Article 50 and start negotiations to take the UK out of the EU has passed its final stage in the House of Commons and will now move on to lords for consideration.

Insight / UK tax burden highest in 30 years

The UK tax burden is set to hit its highest level as a share of national income in over 30 years, according to analysis by the Institute of Fiscal Studies (IFS), which also suggests Brexit will see the UK economy shrink by 3%

Insight / FSB and CICM tips for SMEs managing cash flow in Brexit era

The Federation of Small Businesses (FSB) and the Chartered Institute of Credit Management (CICM) have joined forces to provide a guide on cash flow and credit management to help businesses navigate the Brexit period
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