The UK Government’s refusal to request an extension to the Brexit transition period, along with the outstanding issues in the negotiations, means that the chances of the EU and the UK trading on a “no-deal” basis as of 1 January 2021 have increased. It is vital, therefore, for companies to…

Baker McKenzie has launched the new COVID-19 Product Import/Export Review (“COVID-19 PIER”), a multijurisdictional tracker that will help companies stay on top of export restrictions and import measures related to products in actual or feared short supply during the pandemic.  As companies seek to protect their personnel and re-open operations…

On 10 February 2020 HMRC disclosed that it has 30 potential cases underway under the UK’s corporate criminal offence of “failure to prevent the facilitation of tax evasion” (“CCO”), split between nine ongoing investigations and 21 potential investigations (see here). Whilst there have been no confirmed CCO cases to date,…

On 17 October 2019 the UK and EU approved a revised Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community, as endorsed by leaders at a special meeting of the European Council, a legally binding…

As the deadline for the UK’s withdrawal from the EU approaches and there is an increasing risk of a no-deal Brexit, it is vital for companies to understand the impacts of a no deal and how they can address the challenges to their businesses. In this webinar, Baker McKenzie experts…

As the deadline for the UK’s withdrawal from the EU approaches, and Brexit negotiations continue, it is vital for companies to address the challenges to their business. We have identified the key areas that will be impacted by a “no-deal” Brexit and outlined recommendations of what to consider for each…

Introduction Following the recent third rejection of the Brexit withdrawal agreement in the UK Parliament, a no-deal Brexit remains firmly on the agenda. This alert sets out some of the main sanctions and export controls issues arising from a no-deal Brexit which are likely to impact upon companies operating in…

As companies consider their strategies for life in a post-Brexit world, our study reveals the projected impact of hard Brexit in four sectors that are key to UK manufacturing and our clients: the automotive, consumer, healthcare and technology industries.

HMRC is on a mission to eradicate offshore tax evasion and revolutionise international tax transparency. Already the UK is party to a series of tax information exchange agreements with countries both within and outside the European Union.

EU customs legislation is undergoing some significant changes from 1 May 2016 with the implementation of the Union Customs Code (“UCC”). The changes implemented by the UCC will have significant practical and financial implications for businesses importing into or exporting from the EU. The three key changes under the UCC…