articles: EU referendum

Brexit and its impact for charities

The Brexit decision has been hotly debated, with everyone evaluating how this will affect them. The charity and not-for-profit sector are amongst those who have spoken out over the past few days. In particular, they all want to ensure that their levels of funding can be protected to ensure their beneficiaries are supported, and that children and other vulnerable people continue to feel safe and secure.

Brexit – one week on

Last Thursday the British people made (in the Prime Minister’s words) a ‘very clear decision’ to leave the European Union. Last Friday they asked themselves (and each other) ‘What happens now?’ And it turned out that nobody knew. So where are we one week on?

The referendum result – its impact on the UK tax system

How will the result of the EU referendum affect the UK’s tax system?

In the short term, the answer is ‘not at all’. For the moment, and probably for most of the next two years, the UK will continue as a member state of the EU, and EU rules will continue to have effect in the same way as at present. In the longer term, however, there may be significant tax changes, in addition to the alterations in customs duties on trade with the EU and third countries that are implicit in leaving the single market, and which have been debated at length during the referendum campaign.