As the debate over Brexit continues to rumble on, one of the south-west’s leading firms of accountants is helping businesses to continue trading with the EU regardless of whatever deal is struck.
Through its membership of an international accountancy network – MGI Worldwide – Milsted Langdon will be working with its colleagues in Dublin to help UK businesses set up Irish registered subsidiary companies that will allow them to continue enjoying the current trade arrangements with the EU.
A team of accountants from the firm, which has offices in Taunton, Yeovil, Bath, Bristol and London, recently met with their colleagues in Ireland to flesh out the arrangements ahead of the UK leaving the union in March 2019.
The Brexit effect
Simon Rowe, partner at Milsted Langdon, says: “Companies who trade with the EU are understandably worried about the effect that Brexit will have on their ability to trade.
“A simple solution for many could be to set up an entity within the EU through which they can continue to trade with their overseas customers in case no deal is achieved or the deal agreed restricts trade. This is why we have strengthened our bond with our fellow MGI members in Ireland to help businesses prepare.”
As part of the service Milsted Langdon will help to incorporate an Irish registered company with all the necessary tax registrations and banking arrangements.
“If the UK does get a ‘good deal’ it is fairly straightforward for the company to be struck off at negligible cost,” adds Simon.
“However, if it is required then businesses will be ready to go and they won’t get caught in the inevitable delays which will occur as businesses who haven’t planned ahead rush to follow suit.”
Milsted Langdon believes a number of businesses could benefit from this service and hopes that those with a large customer base in the EU will consider utilising the firm’s expertise and connections through MGI Worldwide.
To find out more about Milsted Langdon’s Brexit services, please visit HERE