Brexit - It has started - Mazars Tax Newsletter 2017/7

As we could also hear from media reports, Theresa May sent the official notification to the EU yesterday on activating Article 50 of the Lisbon Treaty, which means that the UK has officially started the BREXIT process.

After Wednesday's announcement, it is now the EUs turn for its leaders to have a meeting and make a final decision on the principles of the negotiations. In view of the fact, however, that Brussels does not urge for negotiations to start as quickly as possible, and organising an EU summit also requires lengthy preparations, the earliest date when the leaders of the European Union may gather is expected to be in late April or early May. 

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Tax Newsletter 2017/7