ICAEW's Brexit hub has been archived and this new page brings together updates, guides, and other resources that are still relevant. For more information on how to access the archived hub, see the section on Archived pages.
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ICAEW insights and news
Chart of the week: ECB balance sheet
- Article
- 07 Mar 2025
Our chart this week takes a look at the balance sheet of the European Central Bank, the central bank for the Eurozone.
Euro ‘omnibus’ proposal reveals softer CSRD and CSDDD
- Article
- 04 Mar 2025
The European Commission’s omnibus proposal waters down European sustainability reporting and assurance rules within CSRD, CSDDD and CBAM.
Brace for EU environmental reporting rules, UK businesses urged
- Article
- 04 Feb 2025
If you’re trading with European customers, the Carbon Border Adjustment Mechanism and EU Deforestation Regulations need to be on your radar so you can supply customers with relevant data.
New requirements for EU-GB imports from 31 January
- Article
- 17 Jan 2025
ICAEW is reminding businesses that, from 31 January 2025, all goods imported from the European Union (EU) to Great Britain (GB) must be covered by a safety and security declaration.
The EU perspective on VAT – make the most of Brexit
- Article
- 04 Dec 2024
Donato Raponi, former Head of the VAT Unit at the European Commission, says many VAT systems are too complicated and, having exited the EU, the UK is now in a good position to make significant changes.
Why the UK must reform VAT
- Article
- 04 Dec 2024
This vital revenue stream is burdened by complexity, undermined by exemptions, and dogged by a lack of digitalisation. Post-Brexit, there is both an opportunity and an imperative for core reform.
ICAEW helpsheets and guides
Exclusive
Exemptions from consolidating and when a subsidiary can be excluded from consolidation under FRS 102
- Helpsheets and support
- 21 Jan 2025
This technical helpsheet and flowchart explains when a subsidiary can be excluded from consolidation under FRS 102. Key points include exemptions from consolidation, Brexit-related changes, and accounting for excluded subsidiaries due to immateriality, severe restrictions, or resale intentions.
Exclusive
The UK Financial Reporting Regime
- Helpsheets and support
- 08 Jan 2025
- PDF (441kb)
This factsheet provides an overview of the UK accounting framework, which accounting standards are applicable, and the options that are available to different types of entity. Updated January 2025.
HMRC Freeports Induction Pack
- Helpsheets and support
- 21 Apr 2022
- PDF (178kb)
This pack contains information for potential Freeport customs site operators, including the benefits of operating a business in a Freeport customs site, how to apply for the relevant authorisations and the benefits available in a Freeports tax site.
Brexit: Implications of changes to company law on corporate reporting
- Helpsheets and support
- 14 Jun 2021
The end of the transition period brought into effect changes in company law that have an impact on the preparation of the annual report and accounts. This guide outlines some of the practical implications.
Exclusive
TAXguide 09/21: Brexit – The corporate tax implications
- Technical release
- 15 Apr 2021
This TAXguide analyses the corporate tax impact of Brexit on the typical cycle of outbound and inbound business operations within the UK and the EU as from 1 January 2021. It analyses them from the viewpoint of both the UK and the member states of the EU.
Post-Brexit recognition of professional qualifications
- Helpsheets and support
- 09 Mar 2021
ICAEW is committed to helping members seeking professional recognition for the pursuit of regulated activities, such as statutory audit, in the European Economic Area (EEA) under the post-Brexit arrangements.
Exclusive
TAXguide 20/20 New VAT ecommerce rules in EU from 1 July 2021 – how will they affect UK businesses?
- Technical release
- 23 Dec 2020
Major VAT changes are being introduced by the EU on 1 July 2021, just six months after the end of the UK’s transitional deal. Neil Warren provides guidance on the key changes that will take place.
Exclusive
TAXguide 18/20: VAT MOSS – what happens following the end of the UK VAT MOSS scheme
- Technical release
- 11 Dec 2020
The UK has left the EU, with 31 December 2020 marking the end of the transitional deal that has been in place since 1 February 2020. The EU departure will mean important changes for UK businesses that sell broadcasting, telecommunication and electronic (BTE) services to non-business customers (B2C) inside the EU. Neil Warren provides guidance on the key changes that will take place.
ICAEW reports
Analysing the EU exit charge – a policy insight update
- Report
- 22 Jun 2018
- PDF (431kb)
Our original policy insight ‘Analysing the EU Exit Charge' examined the net amount the UK could be required to pay on exiting the EU; we have now updated our analysis for the outcome of the negotiations, comparing our high scenario of £30bn with HM Treasury’s estimate of £37bn for the net financial settlement as reviewed by the National Audit Office.
How much will the UK pay to exit the EU?
- Article
- 16 May 2017
- PDF (1,566kb)
An ICAEW briefing paper on the potential UK exit charges when leaving the EU.
ICAEW submission to the House of Lords EU Internal Market Sub-Committee inquiry
- Article
- 24 Oct 2016
- PDF (242kb)
ICAEW representation
Archived pages
You can access the archived version of ICAEW's Brexit hub via our Digital Archive. The archive provides snapshots of the hub's web pages between March 2021 and February 2024.