Brexit is the biggest cause of political uncertainty for the financial sector in Europe. At present, a no-deal Brexit is still conceivable. As this would lead to a series of acute and possibly very significant transition risks, the Dutch Authority for the Financial Markets (AFM) calls on companies to prepare [...]
What are the most relevant VAT consequences for businesses if there is no Brexit deal on 29 March 2019? After 29 March 2019 The UK will continue to have a VAT system after it leaves the EU that will regulate imports, exports, cross border services and that may interact with [...]
Yesterday, the Dutch State Secretary of Finance announced that a transition rule will now be introduced with the proposed reduction of the term of the 30% ruling. The transition rule applies to employees whose 30% ruling would end in 2019 or 2020 as a result of the proposed reduction. More [...]
As from October 1, 2018, non-EU citizens working in the Netherlands as Intra-Corporate Transferees (ICT), will be allowed to work as an independent contractor or freelancer next to their ICT job. This expanded possibility for ‘hybrid’ entrepreneurship was already available for highly skilled migrants and non-EU students. The main purpose [...]
A new advisory report has been published by the Migration Advisory Committee in the UK, detailing their recommendations on how to manage EU Migration post-Brexit. The deadline for the UK leaving the EU is 29 March 2019 but the transition period will continue until 31 December 2020. The committee analysed [...]
A scenario in which the UK leaves the EU without agreement (a ‘no deal’ scenario) remains unlikely given the mutual interests of the UK and the EU in securing a negotiated outcome. Negotiations are progressing well and both we and the EU continue to work hard to seek a positive [...]
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