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What is the future of UK taxes after Brexit?

With all the uncertainty surrounding Brexit and the confusion about what this will mean for the UK once it has left the EU, Tax Agility can understand that this may be worrying for you. As chartered accountants, we aim to help our clients with any accountancy and/or tax issues they may have. With real issues surrounding tax and its potential changes hitting the headlines, we want to reassure our clients that even though things may be different, they don’t have to be scary.

What’s the issue?

Deciding to leave the EU has put the UK in a bit of a precarious situation, especially with respects to the future of UK taxing. Traditionally, the EU has supplied all of its member countries with massive monetary contributions, which have manifested in the form of grants, subsidies, and bursaries that have all assisted the UK economy in some way.

Without money from the EU, the UK will need to source money from its own economy in the form of taxes, and this is what is making a lot of people nervous. In order to ensure that the UK’s overall economy will not suffer too much after Brexit, a broad and stable tax base is needed. Such a tax base should be fair for all UK citizens, which means that the chancellor of the Exchequer has a lot to think about as the Brexit negotiations continue.

How can Tax Agility help?

As chartered accountants, we are very well versed in the ins and outs of UK taxes. We make it our business to ensure that we are up to date with all changes to the taxation system, should they occur. Whether you are a business owner or just a tax paying citizen, understanding that things may change after Brexit is important and you should be prepared for your future.

Our experienced advisors can aid you with developing a clear and easy to follow tax plan that can support you with optimising your tax position. We will provide you with expert advice that will allow you to get to grips with your finances and ensure that you are well equipped for living in the UK after Brexit.

Contact us today

If you’re unsure about how Brexit has the potential to change your tax paying habits, call us today on 020 8780 2349. Even though nothing is set in stone just yet, we can help you to prepare for your future.