HMRC On Brexit: Nothing Has Changed In Short Term
HM Revenue and Customs (HMRC) has said that "everything is continuing as normal" in the wake of the UK's June 23 vote to leave the European Union (EU).
According to the Institute of Chartered Accountants in England and Wales, a recorded message on HMRC's telephone headline said: "There are no changes to any taxes, tax credits, child benefits, or other HMRC services as a result of the vote on the EU referendum."
"Everything is continuing as normal. No laws have changed. There is no need to contact HMRC as a result of the EU referendum."
HMRC has also published guidance on the impact of the referendum result on the movement of goods and people between the UK and the EU. It said that "there will be no immediate change to the movement of goods and people in and out of the UK from the EU."
The guidance explained: "We are still a member of the EU. Until Article 50 [of the Lisbon Treaty, the process by which a member state can leave the EU] is invoked, we will continue to engage with EU business as normal and be engaged in EU decision-making in the usual way."
"Once it is invoked, we will remain bound by EU law until the terms of our exit have been determined but we will not be involved in decision-making. The period between invocation of Article 50 and our eventual exit from the EU is expected to last at least two years."
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