Professional Business Services

Professional business services Business services are the UK’s largest services export, accounting for 44% of all the UK’s trade in non-financial services. After financial services, they also provide the UK with its biggest trade surplus: global trade generated a surplus of £30 billion in 2015. The EU also remains a key trading partner. It is […]

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Non-Financial Services II

Frameworks for trading non-financial services 38.Unlike trade in goods, trade in services is rarely directly affected by tariffs (the duties imposed on goods entering a country), but can be significantly affected by non-tariff barriers. Non-tariff barriers include restrictions on the ability of a service provider to establish itself or operate in a different country, and […]

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Non-Financial Services

UK trade in non-financial services 15.The UK is a leading exporter of services globally, second only to the US.11 Services account for 44% of the UK’s total global exports, and the majority of services exports are in non-financial services (72%). As with goods, the EU remains a key trading partner and is the destination of […]

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Professional Services

The current EU regulatory regime PBS sectors are generally regulated at domestic level, rather than at EU level. The EU Single Market therefore generally serves to remove barriers to trade in services that could otherwise be introduced by domestic rules, including discriminatory prohibitions, disproportionate regulation, and barriers to the free movement of persons providing and […]

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Professional Services Qualifications UK No Deal Notes

Recognition of professional qualifications Before 29 March 2019 (may also apply to new exit date on 31 December 2020) The Mutual Recognition of Professional Qualifications (MRPQ) Directive is a reciprocal arrangement which enables European Economic Area (EEA) nationals to have their professional qualifications recognised in an EEA State other than the one in which the qualification was obtained. It provides several routes to do so, including: […]

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Accounting and Audit

Purpose This notice explains the implications for accounting, corporate reporting and audit in the unlikely event that the UK leaves the EU in March 2019 with no agreement in place. For the purpose of this notice, ‘UK company’ means a company incorporated in the UK and includes a subsidiary incorporated in the UK regardless of […]

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Professional & Business Sectors Guidance

The professional and business services sector and preparing for EU Exit If the UK leaves the EU without a deal, there may be changes that affect your business. Published 13 February 2019 From: Department for Business, Energy & Industrial Strategy Contents Your employees Personal data Operating in the EU Importing and exporting Trade associations Your […]

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Legal Professionals Guidance

1. Overview Leaving the EU with a deal remains the Government’s top priority. This has not changed. However, a responsible government must plan for every eventuality, including a no deal scenario. If the UK leaves the EU without a deal on 29 March 2019 (may also apply to new exit date on 31 December 2020), there will be no system of reciprocal arrangements under which UK lawyers […]

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