While UK Prime Minister Theresa May sought to secure changes to the Irish backstop, European Council President Donald Tusk denounced those who promoted Brexit without “a sketch of a plan”. My news story for Tax Notes (paywall), published February 7: May Under Pressure as Tusk Berates Brexiters ‘Without a Plan’
The UK government will make a decision shortly on post-Brexit tariffs, International Trade Secretary Liam Fox said in response to a report that ministers are considering a zero tariff policy. My news story for Tax Notes (paywall), published February 7: U.K. Ministers Challenged on Post-Brexit Tariffs Policy
Prime Minister Theresa May declared that she will seek “legally binding changes” to her Brexit deal after members of Parliament voted to back a new proposal to replace the Northern Ireland backstop.
But a spokesman for European Council President Donald Tusk told reporters, in response to a series of House of Commons votes late on January 29, that “the backstop is part of the withdrawal agreement, and the withdrawal agreement is not open for renegotiation”.
My news story for Tax Notes (paywall), published January 30, also published in the February 4 edition of Tax Notes International:
Planning for a no-deal Brexit among larger businesses is “highly variable,” but prudent firms will keep preparing so long as such an outcome “remains an option,” said James Stewart, head of Brexit at KPMG UK.
“Many of the businesses we’re speaking to are praying for an extension to article 50,” Stewart said in a January 28 statement. “At this stage even our most informed clients feel as if anything could happen. They’re thinking about getting products from A to B, market access, and staffing up situation rooms for April,” he said, adding that there are “no safe bets.” My news story for Tax Notes (paywall), published January 29:
The cost of decommissioning offshore oil and gas infrastructure is “highly uncertain,” and there are gaps in the UK government’s understanding of the impact of tax changes in the sector, the National Audit Office said.
My news story for Tax Notes (paywall), published January 26:
HM Revenue & Customs defended its implementation of devolved income tax rates as tax professionals reported errors in the identification of Scottish taxpayers.
HMRC was unable to provide the National Audit Office with an action plan for the implementation of Welsh income tax, setting out “lessons learned” from the earlier implementation of Scottish income tax, the NAO said in a January 24 report. The plan was drawn up after a July 2017 event attended by HMRC staff involved in the Scottish project…
My news story for Tax Notes (free to view), published January 25:
Labour Party leader Jeremy Corbyn presented a motion of no confidence in the UK government after members of Parliament rejected Prime Minister Theresa May’s Brexit deal in a crushing 202-432 vote.
My news story for Tax Notes (paywall), published January 16:
Prime Minister Theresa May urged members of Parliament to give her Brexit deal a second look, while Labour leader Jeremy Corbyn said “assurances” over the Irish backstop were “nothing but warm words and aspirations.”
My news story for Tax Notes (paywall), published January 15:
A no-deal Brexit cannot be “managed” and is “certainly not desirable,” said Carolyn Fairbairn, Confederation of British Industry director general, as business leaders expressed frustration over the continued political impasse.
“The responsibility to ensure an orderly exit is now in Parliament’s hands. Each MP is democratically chosen to safeguard the security and prosperity of our country. And next week they face a test. If they meet it with yet more brinkmanship, the whole country could face a no-deal, disorderly Brexit. The economic consequences would be profound, widespread, and lasting,” Fairbairn told a business audience in Bristol January 11…
My news story for Tax Notes (paywall), published January 12:
Other stories published in week of January 7:
The UK Parliament’s vote to restrict a new Treasury power to make tax regulations shows its determination to prevent a “chaotic and damaging” no-deal Brexit, said Labour member of Parliament Yvette Cooper. My news story (paywall) for Tax Notes, January 9: