Brexit or Remain: What will the tax impact be, and what should be on your ‘To Do’ list in the event of a Leave vote?
From bunches of bananas to the wattage of your kettle, from the threat of an Emergency Budget to the waging of a naval battle on the Thames, this EU Referendum campaign has certainly had its share of headlines. Now we are at last in the final stretch and this time next week the result should be known. But what will the tax impact be, and what should be on your ‘To Do’ list in the event of a Leave vote?
Whether you wake up on 24 June celebrating or commiserating will of course be down to your personal view on whether we remain stronger with the EU or, without the constraints of the EU, we will be better able to flourish. But the result will also signal the end of a period of limbo for the business world and by Friday we should know whether the coming months (and years) will bring a return to some form of ‘business as usual’ in the event of a Remain vote, or some potentially substantial disruption - at least in the short term - in the event of a Brexit vote.
If the decision of the Referendum is to leave the EU there will be much to consider in terms of the impact on your business. Whilst unlikely to have an immediate impact, tax will of course be an important factor. Here we set out our predictions for the top five items on your Brexit To Do list:
If we vote to leave the EU, there will of course be much to think about. We will continue to keep you updated and share with you our insights based on the work and discussions we have been having with clients over recent weeks. If you would like to discuss the impact on your business specifically, please do get in touch.