Brexit

On 31 January 2020 the effective exit of the United Kingdom from the European Union occurred.

However, it should be noted that, in relation to Corporate Tax, there is a bilateral Agreement between the United Kingdom and Spain to avoid double taxation, which will continue to apply from 1 January 2021. For these purposes, certain income that is no longer exempt under the application of internal regulations would continue to be considered exempt income invoking the right to apply said Convention.

You can consult in detail the consequences of Brexit on Corporate Tax from 1 January 2021 at the following link .