BREXIT: a brief timeline

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On 29^th March, the United Kingdom government triggered Article 50 of the Lisbon Treaty, following a swift approval process through the UK legislature.  This kick-started the two-year notice period for the UK’s official exit from the European Union. Here’s a brief timeline looking ahead to the key stages leading up to the moment of Brexit:

• 29 April 2017: European Council will meet to agree the EU's negotiating guidelines for Brexit
• June 2017: formal negotiations likely to commence on the arrangements for the UK’s withdrawal from the EU, taking account of the framework for its future relationship with the EU
• October 2018: date by which the EU’s chief Brexit negotiator Michel Barnier has indicated he wants to conclude Brexit negotiations, to allow time for the EU ratification process
• 29 March 2019: date of formal exit of the United Kingdom from the EU, unless the UK and the European Council agree to extend the period
• After Brexit: UK Parliament deals with domestic legislative consequences of exiting the UK.

In defiance of some predictions, the UK economy remains buoyant.  Please see Investing in the UK: overseas business representatives for further information about this and the investment opportunities it represents. For employers in the UK concerned about Brexit: how to plan ahead and keep your workforce happy, we set out some practical steps to take now. Disclaimer Content is for general information purposes only. The information provided is not intended to be comprehensive and it does not constitute or contain legal or other advice. If you require assistance in relation to any issue please seek specific advice relevant to your particular circumstances. In particular, no responsibility shall be accepted by the authors or by Abbiss Cadres LLP for any losses occasioned by reliance on any content appearing on or accessible from this article. For further legal information click here. Circular 230 disclosure To ensure compliance with requirements imposed by the IRS and other taxing authorities, we inform you that any tax advice contained in this article (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties that may be imposed on any taxpayer or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.