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Daily Tax Report: International

Brexit Delay Not A Done Deal Yet, Tax Advisers Warn

March 15, 2019, 12:52 PM

Brexit could be delayed, giving some breathing space to companies concerned with losing the the tax perks that come from being within the European Union.

But tax advisers are warning businesses to still prepare for the cliff-edge effects of leaving the European Union March 29 without an orderly withdrawal deal in place, which would mean an immediate end to free movement of goods—in other words, complicated and higher taxes and customs duties, border checks, and delays.

“Businesses must not take their foot off the gas, and we urge all organizations to keep preparing for both a deal and no-deal scenario,”...

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