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What Brexit means for VAT

British departure just got even more complicated

By Leopold Traugott  

As Brexit negotiations proceed, it is ever more apparent how many issues they touch upon. But after the joys of learning about the intricacies of trade rules and the passporting of financial services, this explainer deals with a topic which concerns all of us—Value Added Tax. We all pay it, but no one (yet) knows for certain how the UK’s decision to leave the European Union will ultimately impact it. As with most Brexit issues, the answer isn’t clear-cut. Different solutions are possible, each representing their own trade-offs. One thing’s certain—VAT makes exit even more complicated than…

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