KPMG offers thoughts on Brexit
Should the Isle of Man worry about its import and export trade in the event of a Brexit?
Yes and no, says Paul Cawley, a senior VAT and Customs manager at KPMG.
He told Alex Bell although there are worries over the movement of goods through Europe after the UK’s referendum, it’s not a major part of the Manx economy.
Paul says given time the dust will settle and there’s no immediate need to be unduly concerned until the situation becomes clearer:
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It takes effect from 1 January 2025
