VAT opportunity post-Brexit - KPMG

Firm hopeful for future tax agility

KPMG says Brexit presents a Value-Added Tax opportunity.

It's senior VAT and customs manager says an exit from the European Union could prompt the UK to become more competitive in applying the tax.

In turn, the Isle of Man may be presented with the same window to creating a better environment for financial institutions to move to the Island.

Amendments to the Island's VAT deal with the UK was finalised in March this year.

Paul Crawley says if the UK is on board with changes to its rate, leaving the EU could open doors to other areas in the sector here.