The Brexit transition period ends on 31 December 2020, with all movements of goods subject to new formalities and customs controls from 1 January 2021. This is expected to have a significant impact on cross-border relations between Spain and the UK. Bové Montero y Asociados organised an online conference in collaboration with the Catalan association of economists (Colegio de Economistas de Cataluña) to explain “The tax implications of Brexit” and highlight the key aspects to bear in mind for trade relations between the two countries. The webinar was presented by Francisco Javier Rodríguez, tax manager at Bové Montero, and Esther Pérez Cantero, deputy director general of consumer taxes at the Spanish Directorate General for Taxes. There were over 200 attendees for the event, in which the speakers analysed the impact of Brexit on relations between the two countries, specifically on trade and transactions and their direct (PIT, CIT, NRIT) and indirect (VAT) taxation.
