Brexit brought some unprecedented changes to how groups conduct business and their supply chains. The UK is the only sovereign country to have left the EU, of which it had been a Member State (of the Union and its predecessor – the European Communities) since 1 January 1973. At one point the prospect of the UK’s ever leaving was unimaginable, but after circa 18 months we have now seen the practical impacts of Brexit. The purpose of this article is to highlight some of the business direct tax impacts that we have come across based on client experiences.
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