Kathmandu School of Law Review

P-ISSN : 2091-2110, E-ISSN : 2773-8159, DOI : 10.46985, Publisher : Kathmandu School of Law, Nepal
Annual flagship journal of Kathmandu School of Law, Nepal

Volume 5, Issue 1, April 2017
Articles

Tax Implications of Brexit – The Road Ahead

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  • Dr. Kanwal D. P. Singh
Dr. Kanwal D. P. Singh
Dean, University School of Law and Legal Studies, Guru Gobind Singh Indraprastha University, New Delhi
Bio

Published 2017-04-30

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How to Cite

Kanwal D. P. Singh, D. (2017). Tax Implications of Brexit – The Road Ahead. Kathmandu School of Law Review, 5(1), 39–48. Retrieved from https://kslreview.org/index.php/kslr/article/view/165

Abstract

On 23rd June 2016, the people of United Kingdom voted to exit from the European Union. This exit impacts the economies of the UK and EU both in many ways. Numerous changes in taxation structure, tariffs, business methodology will be seen. These tax implications and the impact of the exit decision on economy and business are unclear. This article analyses the legal implications and the process of exit to be followed after the referendum and the various strategies to proceed and their legal standing are discussed. The main issues that the economies of UK and EU shall face are discussed in the article. It also discusses the potential economic changes that might occur along with the impact of Brexit on corporate tax structure, social security, trade and other areas respectively.

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References

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