“Brexit” Officially Invoked

Charles Riordan
March 29, 2017

This blog was last updated on August 5, 2021

The United Kingdom took the long-anticipated first formal step towards officially leaving the European Union when on March 29, the UK Envoy to the EU hand delivered the “Article 50 Letter” to the EU Council President. As of today, the clock begins ticking on a 2 year window in which the UK can negotiate its withdrawal. While the UK Government optimistically views “Brexit” as an opportunity to create a new and equal partnership with their friends and allies in the EU, questions surrounding immigration, trade, and budget commitments will likely present substantial challenges in reaching a final agreement.

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Author

Charles Riordan

Charles Riordan is a member of the Regulatory Analysis team at Sovos specializing in international taxation, with a focus on Value Added Tax systems in the European Union. Charles received his J.D. from Boston College Law School in 2013 and is an active member of the Massachusetts Bar.
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