Corporation Tax – no plans have been announced to change the current arrangements where a UK resident company pays UK tax on a Europe based branch or subsidiary’s profits.
VAT – a truly European tax, this tax will be the most favoured by UK Politicians to amend for so many political reasons. No announcements yet but we expect changes in the coming months. Return to this page for details of changes as they are announced.
European Union citizens resident in the UK – at the present time European Union citizens resident in the UK pay UK tax on their earnings generated within the UK, with tax relief given according to double-taxation treaty. If residency rules change then so could the tax payable on UK earnings by European citizens. Return to this page for details of changes as they are announced.