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Taxes and financial services after Brexit

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The Taxes (Amendments) (EU Exit) Regulations, SI 2019/689, make consequential amendments to numerous pieces of tax legislation to preserve their effect after exit day. They amend references to EU, EEA and related concepts, and ensure tax legislation continues to have effect in relation to entities based in Gibraltar.

Other changes concern certain financial services legislation and take account of definitions of ‘European economic interest groupings’ and ‘societas europaeae’ in relation to UK taxes.

Further amendments remove the reference to EU legislation having an effect on the amount of any unjust enrichment from repayment of certain UK taxes, and ensure information can be shared between public authorities, HMRC, and other countries to comply with international tax agreements.

Issue: 1438
Categories: News