International briefing for October 2016

It has been a turbulent few weeks in the UK business world with the value of the pound sliding sharply after Theresa May’s announcement at the Conservative party conference on the deadline for triggering article 50 by which the UK will leave the EU. We now know that this will take place by 31 March 2017 and we also know that new legislation the Great Repeal Bill will be introduced to end the supremacy of EU law in the UK. However this is just ‘stage one’ of Brexit and is the most straightforward stage. From a tax perspective it will be the new framework for trade (and broader international collaboration) in the post-Brexit landscape that will be most critical and at the moment we have little information on what this will look like....