ProACT Sam explains how Expat taxation is not directly impacted by Brexit, but that this could be subject to change and a key area therefore, for Expats to monitor and take action on.

Tax may not be affected by Brexit, however, families, businesses and overseas property are still impacted. With Settled Status or Permanent Residency, EU Expats can protect their right to remain Living and Working Abroad for a lifetime without taking up citizenship.

Working Abroad

If you are working and paying social insurance, then your pension and welfare benefits accrue. Outside the EU, UK Expats could now find themselves with different criteria for acquiring benefits and state pensions.

New reciprocal arrangements between the UK and each or all of the EU countries individually will be need to be developed.

For Expats, this is an important area to monitor during the transition period, both from the EU as a collective, but also within the country you are living in.

Cross-Border Business

Customs Tariffs and Duties are effectively a tax by any other name. Duty-Free purchases could return for travellers post-Brexit, but businesses may find additional tariffs added to cross-border sales and purchases.

Double Taxation Treaties

Double Taxation Treaties are bilateral agreements between two countries and are nothing to do with the EU.

Unless bilateral Double Taxation Treaties change between two countries, we know how EU and UK Expats will be treated for income and savings and for royalty and business taxes.

The EU is directly involved with social insurance and VAT. The UK will come out of the VAT system and could make changes to sales taxes in the future.

Follow Tax Updates and Changes Through Brexit Transition

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