How Brexit Will Affect Tax Departments

On Friday June 24, the world woke up to the news that the United Kingdom had voted to leave the E.U.

The resulting economic uncertainty has sparked market volatility, as everyone struggles to predict the consequences of such an unprecedented move.

It’s important to note that there are no immediate tax consequences of the referendum. Parliament hasn’t triggered Article 50, and even once Article 50 is set in action, the U.K. will have two years to hammer out a plan for exiting the E.U.

When the United Kingdom does strike out on its own, it will impact businesses headquartered in Britain, as well as those who operate within its borders. While much is still uncertain, the articles below represent some of the best attempts to decipher the tax and mobility implications of Brexit for companies.