Closures affect all its high street brands – Bank of Scotland, Halifax and Lloyds. And 200 branches will go next year, bringing total closures between 2014 and 2017 to 400. The closures, it says, are in response to changing ‘customer behaviour’.
Closures affect all its high street brands – Bank of Scotland, Halifax and Lloyds. And 200 branches will go next year, bringing total closures between 2014 and 2017 to 400. The closures, it says, are in response to changing ‘customer behaviour’.
Closures affect all its high street brands – Bank of Scotland, Halifax and Lloyds. And 200 branches will go next year, bringing total closures between 2014 and 2017 to 400. The closures, it says, are in response to changing ‘customer behaviour’.
22% - 33% Lost in trade
Studies by the National Institute for Economic and Social Research suggest leaving the single market could lead to a long-term reduction in total UK trade with Europe of between 22% and 30%
According to a poll by Ipsos MORI released on 18 May, issues identified by voters as being very important to them in deciding which way to vote were headed by the impact on Britain’s economy (33%), the number of immigrants coming to Britain (28%), and Britain’s ability to make its own laws (15%).
According to a poll by Ipsos MORI released on 18 May, issues identified by voters as being very important to them in deciding which way to vote were headed by the impact on Britain’s economy (33%), the number of immigrants coming to Britain (28%), and Britain’s ability to make its own laws (15%).
One in six UK adults have financial worries, with households in Sandwell in the West Midlands and parts of the valleys of south Wales being the most likely to be overburdened, according to latest research.
Direct taxes are imposed by UK law and as such, the majority of the UK’s direct tax law will remain unchanged following Brexit. The UK’s direct tax rules must however comply with EU laws such as the four freedoms (the free movement of goods, services, people and capital). Post-Brexit, some UK tax law may no longer be required to comply with some EU laws and some EU directives should no longer apply to UK companies. Directives such as the EU Parent Subsidiary Directive, which provides relief from withholding taxes on dividend payments made between associated companies in different EU states and provides double taxation relief to parent companies on profits of subsidiary companies, will no longer be available. Therefore the UK will need to rely on the double taxation treaties in place to benefit from preferential withholding tax rates. The EU Interest and Royalties Directive will no longer be available to relieve withholding taxes on royalty and interest payments between UK companies and associated companies in the EU and it will therefore be important for UK companies to explore the extent to which relief from interest and royalty withholding is available under any double taxation treaty. Although there are numerous double taxation treaties in place with the UK, it may be the case that full relief (for all withholding taxes, whether on dividends, interest and royalties) is not available in some cases.