The following article was published by Richard on LinkedIn on 30 June:
Many commentators have looked at the VAT and Customs impact of a BREXIT, but there would also be direct tax implications.
Assuming two variables
- The UK will actually leave the European Union following the referendum
- No agreement will be reached on EU tax directives continuing to apply post-BREXIT
then the EU Parent/Subsidiary Directive and the Interest and Royalties Directive will cease to apply on exit.
Above all this will impact upon multi-national groups headquartered in the UK and could make the UK a far less attractive holding ...