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More VAT shocks on the way?

Tax expert warns of Brexit risks

A tax expert says the Island's revenue flow could become 'less sustainable' following a Brexit.

Britain's decision to leave the EU has thrown future trade and tax agreements into doubt - putting a major income stream in potential jeopardy.

Phil Morris from 'Big Four' auditing firm PwC says a resilient and watchful attitude will serve the Island well.

But he also warns that policies on matters like VAT could be at further risk:

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