United Kingdom: Prime Minister Proposes “Snap” General Election

Sovos
April 19, 2017

Prime Minister Theresa May has called for an early general election on June 8, claiming it’s the only way to guarantee certainty and stability in Brexit negotiations. The Prime Minister’s Conservative Party is currently polling far ahead of the opposition Labour Party, and her clear hope is that Conservatives will gain enough seats in Parliament to ensure approval of any final EU agreement.

Under the rules, an early election must be approved by two-thirds of MPs in the House of Commons before being called. Absent this approval, the UK’s next general election is scheduled for 2020 – well beyond the two-year deadline for Brexit negotiations to conclude. At this stage, it appears very likely that early elections will indeed occur as Labour leadership has already stated that they will not contest the issue.

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Sovos was built to solve the complexities of the digital transformation of tax, with complete, connected offerings for tax determination, continuous transaction controls, tax reporting and more. Sovos customers include half the Fortune 500, as well as businesses of every size operating in more than 70 countries. The company’s SaaS products and proprietary Sovos S1 Platform integrate with a wide variety of business applications and government compliance processes. Sovos has employees throughout the Americas and Europe, and is owned by Hg and TA Associates.
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