The potential of ‘No Deal’ how it affects tax

With the potential of a No Deal Brexit, a very real possibility on October 31st, the effects of this for both business and personal taxes are likely to have a far reaching impact.

Many of our business and private clients are well into planning ahead for the No Deal scanario, and on our part, we are devising tax strategies to minimise exposure to risk and negating the potential pitfalls that lie ahead.

A No Deal Brexit may have an impact on many import tarriffs, for example,  car buyers having to find an additional £1500 on the price of a typical family car under No Deal.

New VAT and customs procedures will further affect many businesses with many implications for the transfer of goods between the UK and EU and other neighbouring countries.

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How can Fairtax help?

We are cross border tax specialists, able to help you to plan for No Deal and ensure your personal and business tax matters are in order, with full provision for a No Deal exit.

In the scenario of a deal being agreed with the EU, or a further delay, or even a General Election, we can help you to optimise your taxes and maximise your opportunities for protection and growth, we cover all eventualities for you.

 

To arrange a confidential initial telephone, or personal meeting, call Fairtax now on 0333 577 1940, or email us at info@fairtax.net

Alternatively, use our contact form here and we’ll call you back shortly.

 

 

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