Federal Ministry | Republic of Austria: Information on Brexit scenarios and the tax implications of an "unregulated" Brexit

LBG Austria - Summary: The Federal Ministry has published an overview of the possible scenarios for the UK's exit from the EU following the rejection of the withdrawal agreement by the British Parliament on January 15th 2019. This may be a regular EU exit ("deal"), the extension of the negotiation phase and withdrawal of the withdrawal application or an unregulated EU exit ("no deal").

In the event of a "disorderly" Brexit at the end of March 2019 (ie, no exit agreement and no "transitional phase"), the United Kingdom should be treated as a third country with immediate effect, with corresponding tax consequences for income tax, value added tax and private individuals.

Contact & Advice: This information naturally shows basic aspects of the topic - for completeness and correctness no guarantee can be given despite careful preparation. LBG will gladly advise you in your individual situation. Please contact one of our 31 Austria-wide locations (www.lbg.at) or welcome@lbg.at - we will gladly bring you together with one of our experts, who is very familiar with your request.