Now that the UK has passed the implementation period completion date of 31 December 2020 to withdraw from the EU, there are several areas of UK tax law affecting companies that are likely to be significantly impacted.
EU law that is not retained by the UK will cease to apply to the UK, potentially generating significant consequences for the corporate tax treatment of cross-border activities between the UK and other member states.
Some of these are discussed in our briefing note entitled International tax planning post Brexit and during the Covid-19 pandemic.
To find out more, please contact your usual Beavis Morgan Partner for a no obligation discussion.