Iain Masterton in The Scotsman: Tax implications of Brexit

Iain Masterton appears in today’s Scotsman talking about the tax implications of Brexit: ‘One worrying aspect of this plan, which has yet to be even discussed with the EU, is that it would likely become null and void should the Brexit talks end with no deal in place. In this scenario, which is far from implausible, a huge influx of resources to manage a new wave of trade duties between the UK and the rest of the EU would be required. HMRC, which has already just announced plans to recruit up to 5,000 new staff in light of Brexit, could still find themselves short-staffed to deal with the more rigorous checks required on goods imported from the EU into UK ports, as well as customs applications and requirements for business support on technical matters if no formal agreement can be reached.’

To read the article in full click here.