articles: Brexit

Brexit – what does it mean to our staff?

Between 21 July and 4 August Moore Stephens ran a survey of its 104 London personnel who are citizens of EU27 countries. The survey was anonymous, asking some specific questions, including whether they were more likely to stay in the UK or to go as a result of the Brexit vote, while also allowing respondents to explain their views.

A Brexit of uncertainty

With the UK and the European Union beginning the negotiations for Britain’s departure from the European Union, Nick Warner, Partner at Moore Stephens, believes the result of the recent UK election has changed the complexion of Brexit.

Tech sector’s post-Brexit concerns

Before the Brexit referendum in June 2016, the UK tech sector was clearly in favour of staying within the European Union. A pre-vote survey among tech companies found overwhelming support for the Remain position (94%). Of all respondents, 58% said that Brexit would ‘damage London’s position as a global tech hub’, although 24% said there would be little impact.

Post-election Brexit commentary

Given the turmoil caused by the hung parliament that now exists as a result of the 8 June General Election, Donald Tusk, the European council president, and Guenther Oettinger, Germany’s EU commissioner, have both hinted at a delayed start to the Brexit negotiations, which were due to begin in Brussels on 19 June. However, whilst the start may be delayed the end date will still remain the same.

Creativity sells – connectivity doesn't

This week saw the publication of Secretary of State for Culture, Media and Sport Karen Bradley’s strategy for the UK Digital Economy in a post Brexit environment. The strategy sets out commitment to the future prosperity and competitiveness of the UK by targetting seven key strands ranging from digital skills to the digital transformation of government.

Article 50 – the countdown has started

So, the starting pistol has been fired. With a commitment to trigger Article 50 by the end of March the Government has published its white paper outlining how it will leave the EU and the single market within "two years to the day we submit our notification" - unless there is a unanimous agreement with the other 27 Member States to extend the process.

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.