A practical consequence of an exit will be cessation of access to the parent-subsidiary directive and the interest and royalties directives. These directives are designed to allow for flow of funds between member states without withholding taxes. After March 2019 the terms of the tax treaty between the UK and the relevant counter party will govern the extent that withholding taxes will apply.
How might Brexit impact UK businesses?
Graeme Blair - Partner - gblair@goodmanjones.com
Posted on 27th July 2017
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