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UK Legislators' Tax Law Ups Pressure To Avoid No-Deal Brexit

Logo - Law 360By Jack Schickler

A U.K. finance bill amendment passed Tuesday would limit the government’s ability to tweak tax legislation after Brexit, in a bid to discourage the government from leaving the European Union without a transitional trade agreement. The amendment, approved by 303 votes to 296 in the House of Commons, would mean the government cannot make technical changes to maintain the effect of the tax code should the country leave the European Union without a deal in two months’ time unless lawmakers have given their express consent to a so-called no-deal Brexit.

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By Schickler, Jack, posted on Thursday January 10, 2019
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