CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. UK Triggers Article 50 To Quit EU

UK Triggers Article 50 To Quit EU

by Jason Gorringe, Tax-News.com, London

30 March 2017


Theresa May has invoked Article 50, triggering the formal Brexit process.

Announcing the move in Parliament, she said: "We will pursue a bold and ambitious free trade agreement with the European Union that allows for the freest possible trade in goods and services between Britain and the EU's member states; that gives British companies the maximum freedom to trade with and operate within European markets; and that lets European businesses do the same in Britain."

May also reaffirmed that the UK could not remain part of the EU Single Market after leaving the EU.

"We are going to make sure that we can strike trade agreements with countries from outside the European Union too," she said. "Because important though our trade with the EU is and will remain, it is clear that the UK needs to increase significantly its trade with the fastest growing export markets in the world."

She added that the Government would seek a smooth transition in the Brexit process and will approach discussions "constructively, respectfully, and in a spirit of sincere co-operation."

The process of leaving Europe is expected to take at least two years.

TAGS: tax | business | value added tax (VAT) | United Kingdom | agreements | trade | services | Europe

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »