Tag: Brexit

EU is prepared for ‘no Brexit’, Tusk says

The Brexit deal awaiting ratification by UK lawmakers is the only possible deal, but the EU is prepared for the UK to remain a member, European Council President Donald Tusk said.

It is becoming clearer that the deal approved by EU leaders is “the best possible — in fact, the only possible one,” Tusk said November 30 at the G-20 summit in Buenos Aires.

My news story for Worldwide Tax Daily, published by Tax Analysts on November 29 (paywall). This story was also published in the December 10 edition of Tax Notes International: EU Is Prepared for ‘No Brexit,’ Tusk Says

May unmoved by government’s Brexit impact assessment

Prime Minister Theresa May insisted that the UK would be “better off” under her Brexit deal, even after a government analysis suggested that the economy could be 3.9 percent smaller compared with staying in the EU.

A no-deal Brexit could result in a 9.3 percent reduction in GDP after 15 years, according to the analysis published on November 28. May appears to be facing defeat on December 11, when members of Parliament will vote on the deal agreed upon by EU leaders November 25.

My news story for Worldwide Tax Daily, published by Tax Analysts on November 29 (paywall). This story was also published in the December 3 edition of Tax Notes International: May Unmoved by Government’s Brexit Impact Assessment

UK backs customs agents facing Brexit capacity challenge

The UK government will invest £8 million to help customs intermediaries expand to meet “potential capacity challenges” in the event of a no-deal Brexit. A package of measures will include support for training and increased automation for customs brokers, freight forwarders, and fast parcel operators, according to a joint October 22 release issued by HM Revenue & Customs and HM Treasury.

My news story for Worldwide Tax Daily, published by Tax Analysts on October 24 (paywall). This story was also published in the October 29 edition of Tax Notes International::

U.K. Backs Customs Agents Facing Brexit Capacity Challenge

EU, UK Leaders Willing to Extend Brexit Transition Period

European Commission President Jean-Claude Juncker said an extension of the Brexit transition period “probably will happen,” after UK Prime Minister Theresa May said it was an option that had emerged in the Brexit talks.

My news story for Worldwide Tax Daily, published by Tax Analysts on October 19 (paywall). This story was also published in the October 22 edition of Tax Notes International:

EU, U.K. Leaders Willing to Extend Brexit Transition Period