A letter from the BMTA President outlining some of the possible outcomes of the EU Referendum that may have an impact of the measurement and testing industry in the UK
This presentation was delivered during the “go-home-meeting” hosted by Pharmakon on Sept 9th, 2020. We shared our insights and thoughts on the impact of Brexit on medicinal products – in the pre-and post-approval phase, from the EU and the UK perspective.
In preparation for the EU referendum, King & Wood Mallesons spent a six-month period studying the implications of Brexit, working with clients, industry leaders, academics, heads of both the ‘in’ and ‘out’ campaigns, media influencers and others.
Following the decision to leave the EU, we offered a webinar to our clients, to outline the real implications of the vote, beyond the headlines and the rhetoric.
It is important to remember, of course, that overnight, nothing has changed: EU law continues to apply, as do UK laws derived from the EU. However, companies should begin considering which pieces of legislation and regulation are valuable – or unhelpful – in the context of your business. There will also be a role for the business community to play in helping to shape Britain's future relationship with Europe.
We talk through the expected developments and address some of the immediate queries we are seeing from clients.
EU Referendum: Brexit and the Implications for BrandsOgilvy Consulting
No political question has captivated businesses in the same way as the British referendum on European Union membership (aka Brexit).
In this deck, two Ogilvy politicos to dive into the referendum, implications of a potential #brexit, and to advise on communicating around the outcome.
Mathew Shearman, Senior Account Manager at Ogilvy Healthworld London and James Stewart, Associate Director at Ogilvy Public Relations London cover:
- Perspectives on the challenges facing clients
- Recommend Brexit priorities for businesses and Leaders
- Deep-dive on implications for the pharmaceutical industry
Britain held a referendum on EU membership in June 2016 after long-standing calls from Eurosceptic parties and Prime Minister Cameron's 2013 promise. The referendum resulted in a vote to leave the EU, with younger and more educated voters more likely to vote remain. For Britain to actually exit the EU, Article 50 of the Lisbon Treaty must be invoked, starting a two-year negotiation process, but Prime Minister Cameron has not done so yet despite pressure from EU leaders to begin the exit process without delay.
'Brexit' –VAT & Customs implications for international supply chainsAlex Baulf
Now that the United Kingdom has voted to leave the European Union (EU), it is clear that the exit will require a fundamental review of how indirect tax (including VAT & customs duty) will operate going forward. We set out Grant Thornton's thinking about what the post-Brexit world might look like for global supply chains. Much will depend on whether we agree a 'Soft Brexit' (retaining some level of access to the Single Market) or a 'Hard Brexit' (No favoured access).
This document discusses the potential impacts of Brexit on India and the global economy. It notes that if the UK exits the EU, Indian stocks would decline initially. India exports many goods to the UK, and UK-based companies invest heavily in India. So a Brexit could reduce UK-India trade and investment. Several large Indian companies like Tata Steel and Tata Motors that generate significant revenue from UK/Europe operations would likely be negatively affected. The document also suggests Brexit could increase global financial market volatility and reduce global economic growth by up to 5.6% over three years. However, if the UK remains in the EU, its economy is projected to grow faster.
The UK currently has close trade ties with EU countries, with nearly half of its exports going to EU members like Germany, France, and Ireland. Leaving the EU poses challenges as the UK will need to negotiate new trade agreements. There are several options for the UK's future relationship with the EU, including remaining in the single market like Norway, pursuing bilateral agreements like Switzerland, or having a looser trade agreement focused on goods like Canada. The economic impacts of Brexit will depend on the outcome of negotiations and could include effects on sectors like farming, financial services, immigration, and public finances.
The document summarizes the Brexit referendum in which British citizens voted to leave the European Union. It provides background on the UK's history with the EU, including joining in 1973 and retaining the pound instead of adopting the euro. A referendum was held in June 2016 where voters chose between remaining or leaving the EU, with 52% voting in favor of leaving. Reasons for supporting Brexit included concerns over UK sovereignty, immigration levels from other EU countries, and fees paid by the UK to the EU. Older and less educated voters were more likely to support leaving the EU.
This presentation was delivered during the “go-home-meeting” hosted by Pharmakon on Sept 9th, 2020. We shared our insights and thoughts on the impact of Brexit on medicinal products – in the pre-and post-approval phase, from the EU and the UK perspective.
In preparation for the EU referendum, King & Wood Mallesons spent a six-month period studying the implications of Brexit, working with clients, industry leaders, academics, heads of both the ‘in’ and ‘out’ campaigns, media influencers and others.
Following the decision to leave the EU, we offered a webinar to our clients, to outline the real implications of the vote, beyond the headlines and the rhetoric.
It is important to remember, of course, that overnight, nothing has changed: EU law continues to apply, as do UK laws derived from the EU. However, companies should begin considering which pieces of legislation and regulation are valuable – or unhelpful – in the context of your business. There will also be a role for the business community to play in helping to shape Britain's future relationship with Europe.
We talk through the expected developments and address some of the immediate queries we are seeing from clients.
EU Referendum: Brexit and the Implications for BrandsOgilvy Consulting
No political question has captivated businesses in the same way as the British referendum on European Union membership (aka Brexit).
In this deck, two Ogilvy politicos to dive into the referendum, implications of a potential #brexit, and to advise on communicating around the outcome.
Mathew Shearman, Senior Account Manager at Ogilvy Healthworld London and James Stewart, Associate Director at Ogilvy Public Relations London cover:
- Perspectives on the challenges facing clients
- Recommend Brexit priorities for businesses and Leaders
- Deep-dive on implications for the pharmaceutical industry
Britain held a referendum on EU membership in June 2016 after long-standing calls from Eurosceptic parties and Prime Minister Cameron's 2013 promise. The referendum resulted in a vote to leave the EU, with younger and more educated voters more likely to vote remain. For Britain to actually exit the EU, Article 50 of the Lisbon Treaty must be invoked, starting a two-year negotiation process, but Prime Minister Cameron has not done so yet despite pressure from EU leaders to begin the exit process without delay.
'Brexit' –VAT & Customs implications for international supply chainsAlex Baulf
Now that the United Kingdom has voted to leave the European Union (EU), it is clear that the exit will require a fundamental review of how indirect tax (including VAT & customs duty) will operate going forward. We set out Grant Thornton's thinking about what the post-Brexit world might look like for global supply chains. Much will depend on whether we agree a 'Soft Brexit' (retaining some level of access to the Single Market) or a 'Hard Brexit' (No favoured access).
This document discusses the potential impacts of Brexit on India and the global economy. It notes that if the UK exits the EU, Indian stocks would decline initially. India exports many goods to the UK, and UK-based companies invest heavily in India. So a Brexit could reduce UK-India trade and investment. Several large Indian companies like Tata Steel and Tata Motors that generate significant revenue from UK/Europe operations would likely be negatively affected. The document also suggests Brexit could increase global financial market volatility and reduce global economic growth by up to 5.6% over three years. However, if the UK remains in the EU, its economy is projected to grow faster.
The UK currently has close trade ties with EU countries, with nearly half of its exports going to EU members like Germany, France, and Ireland. Leaving the EU poses challenges as the UK will need to negotiate new trade agreements. There are several options for the UK's future relationship with the EU, including remaining in the single market like Norway, pursuing bilateral agreements like Switzerland, or having a looser trade agreement focused on goods like Canada. The economic impacts of Brexit will depend on the outcome of negotiations and could include effects on sectors like farming, financial services, immigration, and public finances.
The document summarizes the Brexit referendum in which British citizens voted to leave the European Union. It provides background on the UK's history with the EU, including joining in 1973 and retaining the pound instead of adopting the euro. A referendum was held in June 2016 where voters chose between remaining or leaving the EU, with 52% voting in favor of leaving. Reasons for supporting Brexit included concerns over UK sovereignty, immigration levels from other EU countries, and fees paid by the UK to the EU. Older and less educated voters were more likely to support leaving the EU.
This presentation was delivered during the “go-home-meeting” hosted by Pharmakon on Sept 9th, 2020. We shared our insights and thoughts on the impact of Brexit on medicinal products – in the pre-and post-approval phase, from the EU and the UK perspective.
The document discusses the differences between a free trade area and a customs union. It then focuses on the UK's relationship with the EU single market and the four freedoms that are part of the single market, including the free movement of labor. The document evaluates the economic advantages and disadvantages of free movement of labor within the EU for the UK economy. The key advantages discussed are increased productivity and downward pressure on wages due to competition, filling job vacancies to drive growth, and a fiscal dividend. Disadvantages include potential extra welfare costs and "leakages" from money workers send abroad. The document concludes that on balance, the free movement of labor has benefited the UK economy but there are challenges in ensuring it continues to do so.
This document discusses the potential impacts of Brexit on India. It begins by explaining that Brexit refers to Britain's decision to leave the European Union, which 52% of British voters supported in a 2016 referendum. This will allow Britain more freedom in managing its own trade and affairs. The document then discusses how Brexit could negatively impact several Indian industries that export significantly to Britain, such as textiles, gems, footwear, and leather products. It also notes Britain imports more than it exports and relies on trade with Europe, China, and India. The document identifies several major Indian companies, such as Tata Steel and Tata Motors, that derive a large portion of their revenues from Britain and Europe and could be negatively affected by Brexit. It
Profile of the Latvian State Audit Office presented at the regional conference for Supreme Audit Institutions of European Neighbourhood South countries, co-organised by the Algerian Court of Accounts and SIGMA in Algiers, 16-17 December 2014
The idea of creating a guide to the possible implications of Brexit came into being before the date for the Brexit referendum was set and the referendum campaign had begun. Now that the countdown to the June 23 vote is well underway, this has become a much more topical and current issue for everyone in the UK and I think that many more UK businesses are now engaged in active study and planning for Brexit scenarios.
The document analyzes the potential impacts of Brexit on the UK aviation industry. It finds that the largest impact will likely come from slower economic growth reducing air traffic. Initial forecasts suggest UK traffic in 2020 will be 3-5% lower than without Brexit. The UK will need to secure access to the EU's single aviation market to allow carriers to operate freely. Bilateral agreements with other countries may need to be renegotiated separately from the EU. Border security and facilities are expected to change little in the short term.
Withdrawal of the United Kingdom (UK) from the European Union (EU), often shortened to Brexit is a political aim of some political parties, advocacy groups, and individuals in the United Kingdom.
In 1975 a referendum was held on the country's membership of the European Economic Community (EEC), a precursor to the EU.
The outcome of the vote was that the country continued to be a member of the EEC.
More recently the European Union Referendum Act 2015 has been passed to allow for a referendum on the country's membership of the EU, with a vote to be held on 23 June 2016.
The document discusses the economic, political, and cultural reasons for Brexit. Politically, sovereignty was a major factor for those who voted to leave, as EU policies limited the UK's ability to determine its own immigration and trade policies. Culturally, some saw EU membership and free movement as a threat to local UK culture and increased security risks. Economically, the UK contributes significantly more to the EU budget than it receives in benefits and subsidies, and EU policies have negatively impacted some UK industries and jobs. Overall, the relationship imposed high financial, economic, political and cultural costs on the UK, leading it to ultimately decide to withdraw from the EU.
Brexit what are the implications for eu based exporters to the ukPeter Tomlinson
This presentation aims to identify the agenda ítems that exporters to the UK and UK importers need to consider when designing futute marketing and pricing strategies post Brexit in 2019. This is for teaching purposes only-
The document discusses potential options for the UK's relationship with the EU after a Brexit vote, including remaining in the European Economic Area (EEA) like Norway, negotiating bilateral agreements like Switzerland, or having no formal relationship. Remaining in the EEA would minimize trade barriers but require following EU regulations without representation. Bilateral agreements like Switzerland provide flexibility but still require accepting EU rules. Leaving the EU entirely would give more sovereignty but reduce trade and income. The key tradeoff is economic benefits from integration versus sovereignty.
This document discusses the impact of Brexit on financial reporting. It notes that Brexit has created uncertainty that will impact UK businesses and those that do business in the UK. There has been an immediate impact on financial markets with currencies fluctuating. Entities will need to consider Brexit's effects when preparing financial reports. Directors must disclose risks from Brexit and its potential impact on business performance, financial position, debt covenants, and going concern assumptions. Financial statement values may also be affected by market volatility.
Le Royaume-Uni lui-même serait le plus affecté, avec, à l'horizon 2030, un différentiel de Produit intérieur brut (PIB) par habitant pouvant aller, dans le pire des scénarios, jusqu'à 14% par rapport à ce qu'il serait en restant dans l'UE. Les économies que pourrait réaliser Londres en ne contribuant plus au budget européen ne compenseraient en aucun cas le manque à gagner, préviennent les auteurs de l'étude.
1. A referendum on whether the UK should remain a member of the EU will take place on June 23, 2016 under the European Union Referendum Act 2015.
2. The Act requires the Secretary of State to publish reports on matters agreed in EU membership negotiations and on the rights and obligations that come with EU membership.
3. The referendum question will ask "Should the United Kingdom remain a member of the European Union or leave the European Union?" with answers being to remain or leave.
Brexit: The customs impact on UK businessesAlex Baulf
Following the referendum vote on 23 June 2016, the UK has voted to leave the EU. Exactly when this will happen and how is not yet known. In the coming months, the UK will be expected to submit its withdrawal notice to the EU Council -under Article 50 of the Treaty on European Union (TEU) -to formally notify the EU of its withdrawal. The notification will trigger a two-year notice period and negotiations on the terms of a UK exit will begin. Until then, UK businesses should continue to comply with and trade under the existing Union Customs Code (UCC) that entered into force on 1 May 2016.
Assuming that 'Brexit' does eventually happen, businesses need to:
• assess the risks and opportunities that this poses for their supply chain
• where possible, put in place plans to manage these changes, to ensure their activities run smoothly and mitigate the potential impact, and
• take appropriate steps to prepare for the ‘unknown’.
Unless there is a dramatic 'U' turn, it seems clear that, at some point in the future, the UK will leave the EU. From a UK business perspective such a move will not only present many challenges, but will also provide opportunities.
The vote to leave will continue to create considerable uncertainty until the details of any agreement(s) are known. Businesses affected by Brexit will need to plan for that uncertainty and will need to understand the potential impacts. For this reason, a supply chain impact assessment is prudent and should help to provide some clarity in relation to a business’s exposure.
BREXIT – What it could mean for regulation and doing business in the UKMJDelaMasa
This document discusses how Brexit could impact regulation and business in the UK. It analyzes how Brexit may affect regulations around economic crime, export controls, health and safety, and the environment. While the UK may have more flexibility without EU membership, the document suggests regulations in these areas are unlikely to change significantly in the short term, as the UK aims to remain competitive and meet international agreements. One impact could be less UK influence over EU-wide policies. Overall, the immediate impact of Brexit on regulations is uncertain and the UK approach will partly depend on future trade deals.
Briefing paper - Brexit - What next for VAT & Customs?Graham Brearley
This document discusses the potential impact of Brexit on UK VAT and customs rules and regulations. It explains that the UK's VAT system has been governed by EU VAT directives for over 40 years, but after Brexit the UK will have flexibility to set its own VAT rates and rules. It may also be freed from adhering to some EU legal principles. Businesses that trade with the EU could face changes to VAT registration, VAT grouping, and reporting of digital services VAT. After Brexit, the UK is also likely to be outside the EU customs union, potentially reintroducing customs controls and non-tariff barriers for UK-EU trade. The document recommends that affected businesses undertake impact assessments to analyze how these changes might impact their operations and profit
Euroasia Industry special repot - Brexitadel mhiri
On June 23rd 2016, the British people will vote in a referendum on whether they wish for
the United Kingdom to remain in or leave the European Union. A vote to ‘leave’ would be
a major geopolitical event, but what would Britain's EU exit (or 'Brexit') mean for industry
in the UK, continental Europe and the rest of the world? Eric Payne reports on
foreseeable post-exit scenarios.
On June 23rd 2016, the British people will vote in a referendum on whether they wish for
the United Kingdom to remain in or leave the European Union. A vote to ‘leave’ would be
a major geopolitical event, but what would Britain's EU exit (or 'Brexit') mean for industry
in the UK, continental Europe and the rest of the world? Eric Payne reports on
foreseeable post-exit scenarios.
The document summarizes some of the potential tax implications of Brexit for multinational companies. It discusses how leaving the EU could impact taxes on dividend repatriation, interest/royalties payments, corporate restructuring, and the use of the UK as a holding company location due to losing certain EU directives. It also addresses potential effects on transfer pricing arbitration, anti-tax avoidance rules, court challenges to tax law, state aid investigations, a common consolidated corporate tax base, and customs/VAT policies. Overall, there is uncertainty around how the UK's tax system may change as it negotiates new agreements during a two-year exit process from the EU.
Brexit Tax implications for mulitinationalsVesko Petkov
This document summarizes some of the potential tax implications of Brexit for multinational companies. Key points include:
- The UK will no longer be able to rely on EU directives to reduce withholding taxes on cross-border payments like dividends, interest, and royalties.
- Companies may need to restructure operations if regulated businesses lose EU "passporting" privileges. Tax implications of restructuring require evaluation.
- The UK's attractiveness as an EU holding company location could diminish without access to the single market and EU tax directives.
- Leaving the EU may give the UK more freedom over some tax policies but it will still need to align with international standards to facilitate trade.
- There
'The B of the Bang' - What the UK Government’s white paper on Brexit means fo...Graeme Cross
The document summarizes key points from a UK government white paper on Brexit and its implications for businesses. It discusses potential impacts on several issues including:
- Free movement of capital and access to the European Economic Area for financial services.
- Immigration controls and their effect on attracting/retaining talent, particularly for the healthcare sector.
- Negotiating a new trading relationship and customs agreement between the UK and EU.
- Restrictions on free movement and their implications for internationally mobile employees and healthcare access.
- Compliance with EU data protection laws and heightened cybersecurity risks post-Brexit.
- The UK's ability to negotiate independent trade deals globally and support available for exporters.
-
This presentation was delivered during the “go-home-meeting” hosted by Pharmakon on Sept 9th, 2020. We shared our insights and thoughts on the impact of Brexit on medicinal products – in the pre-and post-approval phase, from the EU and the UK perspective.
The document discusses the differences between a free trade area and a customs union. It then focuses on the UK's relationship with the EU single market and the four freedoms that are part of the single market, including the free movement of labor. The document evaluates the economic advantages and disadvantages of free movement of labor within the EU for the UK economy. The key advantages discussed are increased productivity and downward pressure on wages due to competition, filling job vacancies to drive growth, and a fiscal dividend. Disadvantages include potential extra welfare costs and "leakages" from money workers send abroad. The document concludes that on balance, the free movement of labor has benefited the UK economy but there are challenges in ensuring it continues to do so.
This document discusses the potential impacts of Brexit on India. It begins by explaining that Brexit refers to Britain's decision to leave the European Union, which 52% of British voters supported in a 2016 referendum. This will allow Britain more freedom in managing its own trade and affairs. The document then discusses how Brexit could negatively impact several Indian industries that export significantly to Britain, such as textiles, gems, footwear, and leather products. It also notes Britain imports more than it exports and relies on trade with Europe, China, and India. The document identifies several major Indian companies, such as Tata Steel and Tata Motors, that derive a large portion of their revenues from Britain and Europe and could be negatively affected by Brexit. It
Profile of the Latvian State Audit Office presented at the regional conference for Supreme Audit Institutions of European Neighbourhood South countries, co-organised by the Algerian Court of Accounts and SIGMA in Algiers, 16-17 December 2014
The idea of creating a guide to the possible implications of Brexit came into being before the date for the Brexit referendum was set and the referendum campaign had begun. Now that the countdown to the June 23 vote is well underway, this has become a much more topical and current issue for everyone in the UK and I think that many more UK businesses are now engaged in active study and planning for Brexit scenarios.
The document analyzes the potential impacts of Brexit on the UK aviation industry. It finds that the largest impact will likely come from slower economic growth reducing air traffic. Initial forecasts suggest UK traffic in 2020 will be 3-5% lower than without Brexit. The UK will need to secure access to the EU's single aviation market to allow carriers to operate freely. Bilateral agreements with other countries may need to be renegotiated separately from the EU. Border security and facilities are expected to change little in the short term.
Withdrawal of the United Kingdom (UK) from the European Union (EU), often shortened to Brexit is a political aim of some political parties, advocacy groups, and individuals in the United Kingdom.
In 1975 a referendum was held on the country's membership of the European Economic Community (EEC), a precursor to the EU.
The outcome of the vote was that the country continued to be a member of the EEC.
More recently the European Union Referendum Act 2015 has been passed to allow for a referendum on the country's membership of the EU, with a vote to be held on 23 June 2016.
The document discusses the economic, political, and cultural reasons for Brexit. Politically, sovereignty was a major factor for those who voted to leave, as EU policies limited the UK's ability to determine its own immigration and trade policies. Culturally, some saw EU membership and free movement as a threat to local UK culture and increased security risks. Economically, the UK contributes significantly more to the EU budget than it receives in benefits and subsidies, and EU policies have negatively impacted some UK industries and jobs. Overall, the relationship imposed high financial, economic, political and cultural costs on the UK, leading it to ultimately decide to withdraw from the EU.
Brexit what are the implications for eu based exporters to the ukPeter Tomlinson
This presentation aims to identify the agenda ítems that exporters to the UK and UK importers need to consider when designing futute marketing and pricing strategies post Brexit in 2019. This is for teaching purposes only-
The document discusses potential options for the UK's relationship with the EU after a Brexit vote, including remaining in the European Economic Area (EEA) like Norway, negotiating bilateral agreements like Switzerland, or having no formal relationship. Remaining in the EEA would minimize trade barriers but require following EU regulations without representation. Bilateral agreements like Switzerland provide flexibility but still require accepting EU rules. Leaving the EU entirely would give more sovereignty but reduce trade and income. The key tradeoff is economic benefits from integration versus sovereignty.
This document discusses the impact of Brexit on financial reporting. It notes that Brexit has created uncertainty that will impact UK businesses and those that do business in the UK. There has been an immediate impact on financial markets with currencies fluctuating. Entities will need to consider Brexit's effects when preparing financial reports. Directors must disclose risks from Brexit and its potential impact on business performance, financial position, debt covenants, and going concern assumptions. Financial statement values may also be affected by market volatility.
Le Royaume-Uni lui-même serait le plus affecté, avec, à l'horizon 2030, un différentiel de Produit intérieur brut (PIB) par habitant pouvant aller, dans le pire des scénarios, jusqu'à 14% par rapport à ce qu'il serait en restant dans l'UE. Les économies que pourrait réaliser Londres en ne contribuant plus au budget européen ne compenseraient en aucun cas le manque à gagner, préviennent les auteurs de l'étude.
1. A referendum on whether the UK should remain a member of the EU will take place on June 23, 2016 under the European Union Referendum Act 2015.
2. The Act requires the Secretary of State to publish reports on matters agreed in EU membership negotiations and on the rights and obligations that come with EU membership.
3. The referendum question will ask "Should the United Kingdom remain a member of the European Union or leave the European Union?" with answers being to remain or leave.
Brexit: The customs impact on UK businessesAlex Baulf
Following the referendum vote on 23 June 2016, the UK has voted to leave the EU. Exactly when this will happen and how is not yet known. In the coming months, the UK will be expected to submit its withdrawal notice to the EU Council -under Article 50 of the Treaty on European Union (TEU) -to formally notify the EU of its withdrawal. The notification will trigger a two-year notice period and negotiations on the terms of a UK exit will begin. Until then, UK businesses should continue to comply with and trade under the existing Union Customs Code (UCC) that entered into force on 1 May 2016.
Assuming that 'Brexit' does eventually happen, businesses need to:
• assess the risks and opportunities that this poses for their supply chain
• where possible, put in place plans to manage these changes, to ensure their activities run smoothly and mitigate the potential impact, and
• take appropriate steps to prepare for the ‘unknown’.
Unless there is a dramatic 'U' turn, it seems clear that, at some point in the future, the UK will leave the EU. From a UK business perspective such a move will not only present many challenges, but will also provide opportunities.
The vote to leave will continue to create considerable uncertainty until the details of any agreement(s) are known. Businesses affected by Brexit will need to plan for that uncertainty and will need to understand the potential impacts. For this reason, a supply chain impact assessment is prudent and should help to provide some clarity in relation to a business’s exposure.
BREXIT – What it could mean for regulation and doing business in the UKMJDelaMasa
This document discusses how Brexit could impact regulation and business in the UK. It analyzes how Brexit may affect regulations around economic crime, export controls, health and safety, and the environment. While the UK may have more flexibility without EU membership, the document suggests regulations in these areas are unlikely to change significantly in the short term, as the UK aims to remain competitive and meet international agreements. One impact could be less UK influence over EU-wide policies. Overall, the immediate impact of Brexit on regulations is uncertain and the UK approach will partly depend on future trade deals.
Briefing paper - Brexit - What next for VAT & Customs?Graham Brearley
This document discusses the potential impact of Brexit on UK VAT and customs rules and regulations. It explains that the UK's VAT system has been governed by EU VAT directives for over 40 years, but after Brexit the UK will have flexibility to set its own VAT rates and rules. It may also be freed from adhering to some EU legal principles. Businesses that trade with the EU could face changes to VAT registration, VAT grouping, and reporting of digital services VAT. After Brexit, the UK is also likely to be outside the EU customs union, potentially reintroducing customs controls and non-tariff barriers for UK-EU trade. The document recommends that affected businesses undertake impact assessments to analyze how these changes might impact their operations and profit
Euroasia Industry special repot - Brexitadel mhiri
On June 23rd 2016, the British people will vote in a referendum on whether they wish for
the United Kingdom to remain in or leave the European Union. A vote to ‘leave’ would be
a major geopolitical event, but what would Britain's EU exit (or 'Brexit') mean for industry
in the UK, continental Europe and the rest of the world? Eric Payne reports on
foreseeable post-exit scenarios.
On June 23rd 2016, the British people will vote in a referendum on whether they wish for
the United Kingdom to remain in or leave the European Union. A vote to ‘leave’ would be
a major geopolitical event, but what would Britain's EU exit (or 'Brexit') mean for industry
in the UK, continental Europe and the rest of the world? Eric Payne reports on
foreseeable post-exit scenarios.
The document summarizes some of the potential tax implications of Brexit for multinational companies. It discusses how leaving the EU could impact taxes on dividend repatriation, interest/royalties payments, corporate restructuring, and the use of the UK as a holding company location due to losing certain EU directives. It also addresses potential effects on transfer pricing arbitration, anti-tax avoidance rules, court challenges to tax law, state aid investigations, a common consolidated corporate tax base, and customs/VAT policies. Overall, there is uncertainty around how the UK's tax system may change as it negotiates new agreements during a two-year exit process from the EU.
Brexit Tax implications for mulitinationalsVesko Petkov
This document summarizes some of the potential tax implications of Brexit for multinational companies. Key points include:
- The UK will no longer be able to rely on EU directives to reduce withholding taxes on cross-border payments like dividends, interest, and royalties.
- Companies may need to restructure operations if regulated businesses lose EU "passporting" privileges. Tax implications of restructuring require evaluation.
- The UK's attractiveness as an EU holding company location could diminish without access to the single market and EU tax directives.
- Leaving the EU may give the UK more freedom over some tax policies but it will still need to align with international standards to facilitate trade.
- There
'The B of the Bang' - What the UK Government’s white paper on Brexit means fo...Graeme Cross
The document summarizes key points from a UK government white paper on Brexit and its implications for businesses. It discusses potential impacts on several issues including:
- Free movement of capital and access to the European Economic Area for financial services.
- Immigration controls and their effect on attracting/retaining talent, particularly for the healthcare sector.
- Negotiating a new trading relationship and customs agreement between the UK and EU.
- Restrictions on free movement and their implications for internationally mobile employees and healthcare access.
- Compliance with EU data protection laws and heightened cybersecurity risks post-Brexit.
- The UK's ability to negotiate independent trade deals globally and support available for exporters.
-
Brexit will present significant challenges for financial services firms. A hard Brexit outcome where the UK becomes a third country could impact firms through reduced market access, issues around citizens' rights, constraints on operational support locations, and changing macroeconomic conditions. Firms using a hub model will be most heavily impacted and may require 4 years to fully transform operations. Other firms with pan-European structures will still require substantial changes but may be able to complete them within 2 years. Firms should begin multi-year transformation programs to address these challenges and ensure ongoing regulatory compliance.
Euro shorts 16.12.16 including Brexit: European Parliament briefing and Brexi...Cummings
The European Parliament has published a briefing on the potential impact of Brexit on the UK and EU financial services industry. The European Parliament President has written to the European Council President to express concerns about the European Parliament's secondary role in Brexit negotiations. The European Commission has published an overview of Level 2 measures relating to various EU financial services legislation.
A No-Deal Brexit and the Impact on Medical DevicesEMMAIntl
High risk medical devices are certified by an independent conformity assessment conducted by notified bodies (NB). The notified bodies are overseen by the national authority of each member state in the EU, and by the Medicines and Healthcare products Regulatory Agency (MHRA) in the UK. NBs are also subjected to European commission audits...
New perspectives on Brexit for Financial Services, with relocation, the harde...Emilie Pons
In the wake of Brexit, several banks have announced a relocation to EU 27. Whether, they already have a subsidiary or need to open one, banks should not perceive Brexit as an easy task but have to plan now, in order to gain a competitive advantage. In this short presentation, Chappuis Halder & Co. offers 4 perspectives for Investment banks on the areas where it can help, such as Modelling /Clearing houses/EU Intermediate Holding Company/ Back & Middle Office optimisation
Part 3 B Cop15 Failure Analysis Transparency Evaluation in Climate ChangeSandip Sen
Continuing our 10 Part COP15 Failure Analysis we find that Transparency of Emission measurement is a Key Issue, where all nations be it EU, Asia and US are found wanting. We evaluate here the strength and the effectiveness of the EU ETS and give the pros and cons of the developing world following this model for curbing emissions.
Euro shorts 15.11.13 including trade repositories, short selling and the FTTCummings
This document provides a weekly briefing on financial services developments in Europe. It summarizes that ESMA has approved the first four trade repositories to fulfill EMIR reporting obligations under EMIR starting on February 12, 2014. It also discusses updates to ESMA Q&As on EMIR implementation, lobbying against the proposed Financial Transaction Tax, a conclusion that Article 28 of the Short Selling Regulation should be annulled, plans to introduce "bail-in" of creditor rules earlier than planned, and which banks must hold additional capital under Basel III rules.
If the UK votes to leave the EU ("Brexit"):
- Little will change immediately as the UK negotiates its new relationship with the EU over 2 years
- EU citizens' automatic right to live and work in the UK could be restricted, affecting the workforce supply
- Some employment laws like the Working Time Regulations may be reshaped, but a wholesale repeal is unlikely due to political and legal reasons
- HR and payroll professionals should consider contingencies for how Brexit may impact their workforce and which laws may change
This document provides a guide to living in Gyeongsang province, Korea. It begins with contact information for the publisher, European Union Chamber of Commerce in Korea (EUCCK). It then discusses the organization and objectives of EUCCK, including providing services and information to members and advocating on their behalf. It outlines the governance structure, including the Board of Directors and committees. It also provides information on EUCCK membership types and benefits. The guide is intended to help Europeans live and work comfortably in Gyeongsang province.
This document provides a summary of Brexit implications for businesses in the leisure sector in the UK. It discusses how Brexit could impact businesses through reduced EU migrant labor and changes to trading conditions. It outlines four potential Brexit outcomes and notes that the final deal may be a hybrid. It also warns businesses that until the UK formally leaves the EU, its regulations continue to apply. The document then discusses some actions businesses can take regarding EU national employees. Overall, it conveys that the implications of Brexit for businesses remain uncertain.
Grant Thornton UK LLP is a member firm of Grant Thornton International Ltd (GTIL) that provides assurance, tax, and advisory services. GTIL and each of its member firms are separate legal entities and are not agents or liable for one another. Services are delivered independently by each member firm.
1) The UK's exit from the EU will be a "long goodbye" stretched out over two years or more as triggering Article 50, which begins the exit process, is not expected until late 2017 at the earliest.
2) There are three main options for the UK's future relationship with the EU - remaining in the single market like Norway, having a series of bilateral agreements like Switzerland, or having a trade deal like Canada which took 7 years to negotiate.
3) While some sectors like financial services and technology could relocate some jobs and companies to EU cities like Frankfurt, Paris, and Berlin, the property market impact would be gradual and depend on the economic effects, which analyses estimate could range from a small
UN WOD 2024 will take us on a journey of discovery through the ocean's vastness, tapping into the wisdom and expertise of global policy-makers, scientists, managers, thought leaders, and artists to awaken new depths of understanding, compassion, collaboration and commitment for the ocean and all it sustains. The program will expand our perspectives and appreciation for our blue planet, build new foundations for our relationship to the ocean, and ignite a wave of action toward necessary change.
Monitoring Health for the SDGs - Global Health Statistics 2024 - WHOChristina Parmionova
The 2024 World Health Statistics edition reviews more than 50 health-related indicators from the Sustainable Development Goals and WHO’s Thirteenth General Programme of Work. It also highlights the findings from the Global health estimates 2021, notably the impact of the COVID-19 pandemic on life expectancy and healthy life expectancy.
Contributi dei parlamentari del PD - Contributi L. 3/2019Partito democratico
DI SEGUITO SONO PUBBLICATI, AI SENSI DELL'ART. 11 DELLA LEGGE N. 3/2019, GLI IMPORTI RICEVUTI DALL'ENTRATA IN VIGORE DELLA SUDDETTA NORMA (31/01/2019) E FINO AL MESE SOLARE ANTECEDENTE QUELLO DELLA PUBBLICAZIONE SUL PRESENTE SITO
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
AHMR is an interdisciplinary peer-reviewed online journal created to encourage and facilitate the study of all aspects (socio-economic, political, legislative and developmental) of Human Mobility in Africa. Through the publication of original research, policy discussions and evidence research papers AHMR provides a comprehensive forum devoted exclusively to the analysis of contemporaneous trends, migration patterns and some of the most important migration-related issues.
RFP for Reno's Community Assistance CenterThis Is Reno
Property appraisals completed in May for downtown Reno’s Community Assistance and Triage Centers (CAC) reveal that repairing the buildings to bring them back into service would cost an estimated $10.1 million—nearly four times the amount previously reported by city staff.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
The Antyodaya Saral Haryana Portal is a pioneering initiative by the Government of Haryana aimed at providing citizens with seamless access to a wide range of government services
This report explores the significance of border towns and spaces for strengthening responses to young people on the move. In particular it explores the linkages of young people to local service centres with the aim of further developing service, protection, and support strategies for migrant children in border areas across the region. The report is based on a small-scale fieldwork study in the border towns of Chipata and Katete in Zambia conducted in July 2023. Border towns and spaces provide a rich source of information about issues related to the informal or irregular movement of young people across borders, including smuggling and trafficking. They can help build a picture of the nature and scope of the type of movement young migrants undertake and also the forms of protection available to them. Border towns and spaces also provide a lens through which we can better understand the vulnerabilities of young people on the move and, critically, the strategies they use to navigate challenges and access support.
The findings in this report highlight some of the key factors shaping the experiences and vulnerabilities of young people on the move – particularly their proximity to border spaces and how this affects the risks that they face. The report describes strategies that young people on the move employ to remain below the radar of visibility to state and non-state actors due to fear of arrest, detention, and deportation while also trying to keep themselves safe and access support in border towns. These strategies of (in)visibility provide a way to protect themselves yet at the same time also heighten some of the risks young people face as their vulnerabilities are not always recognised by those who could offer support.
In this report we show that the realities and challenges of life and migration in this region and in Zambia need to be better understood for support to be strengthened and tuned to meet the specific needs of young people on the move. This includes understanding the role of state and non-state stakeholders, the impact of laws and policies and, critically, the experiences of the young people themselves. We provide recommendations for immediate action, recommendations for programming to support young people on the move in the two towns that would reduce risk for young people in this area, and recommendations for longer term policy advocacy.
PUBLIC FINANCIAL MANAGEMENT SYSTEM (PFMS) and DBT.pptx
BMTA & EU Referendum 2016
1. BMTA Position paper on BREXIT
To all BMTA members,
The vote to leave the European Union (EU) has caused considerable uncertainty for businesses
which may be affecting your company or laboratory. BMTA intends to produce a position paper on
the implications of ‘Brexit’ for the measurement and testing (M &T) industry for use as a basis of
discussion with government officials tasked with negotiating the exit terms. We consider it vital that
the voice of the M & T industry is heard and is not overlooked.
In order to produce a position paper Council will need to know and understand members’ concerns
about how their company or laboratory may be affected and what they can do about it. Council at its
meeting on 4 July therefore decided on the following course of action:
1. To invite members to email their concerns about Brexit to the BMTA Secretariat by the end
of July.
2. To hold a ‘low cost’ discussion meeting/workshop on members’ concerns in September
3. To use the outputs of 1 and 2 to draft a position paper.
It is already clear that not much is going to change in the near future. UKAS is saying ‘business as
usual’ on its website and BSI has issued a similar statement on its website. BSI has reminded its
customers that it is part of CEN /CENELEC neither of which are EU funded. There will be little change
for companies and laboratories until the government has invoked Article 50 (about leaving the EU)
of the EU Treaty and the terms of leaving have been agreed. At the moment it is thought that
negotiations will take at least 2 years to complete.
In the longer term there might be some quite profound changes for companies and laboratories. The
factors of relevance to the M &T industry include;
The extent to which the UK remains in the Single Market or moves to the ‘WTO only’ basis of
trading with the EU, leaving the Single Market altogether.
Whether the ‘New Approach’ Directives (which govern CE marking amongst other things)
remain in force in the UK.
What arrangements will be required for market surveillance, Notified Bodies and consumer
product testing.
What Directives and EU Regulations controlling environmental protection, health (and
safety) and food will remain in force and if not, what will replace them. What measurement
and testing will be needed and what will be the arrangements for it.
The extent to which free movement of labour into the UK is permitted from the EU.
Whether UKAS remains part of the European Co-operation on Accreditation (EA) which
determines policy on accreditation throughout the EU. This in turn depends whether the UK
remains part of the European Economic Area (EEA) or the European Free Trade Area (EFTA).
UKAS point out that they are members of the global accreditation organisation ILAC and
have signed the ILAC MRA. Laboratories’ UKAS accreditations should thus remain valid
around the world.
What are the implications for EU research funding notably metrology research funding
through EMPIR and other Horizon 2020 schemes.
And in the context of BMTA there could be questions about our continued membership of EUROLAB.
If the UK remains in EFTA we can still continue our active membership of EUROLAB. However, if the
UK moves to the ‘WTO only’ trade agreement with the EU then under the present Articles of
Association we could only be an Observer or International member of EUROLAB.
2. BMTA would welcome hearing from members about their concerns and questions. Please email
them to the BMTA office and we will start to compile a ‘registry’ for further discussion at the
workshop/ discussion meeting in the Autumn.
Jeff Llewellyn
President and CEO.
12.July 2016