UK decision to invoke Article 50 of the TEU: More information
As of 30 March 2019, all EU law will cease to apply to the UK, unless a ratified withdrawal agreement establishes another date, or the European Council and the UK decide unanimously to extend the two-year negotiation period. For more information about the legal repercussions for businesses:
Find out if your type of business should follow EU or national accounting rules. Small companies with no more than 50 employees enjoy simplified accounting rules and micro-companies even simpler rules - depending on the where your company is based.
If you have a listed EU company, consolidated accounts must be prepared in accordance with the International Financial Reporting Standards (IFRS). Most EU countries also permit the use of the IFRS for non-listed companies. Non-EU firms trading with the EU are recommended to follow IFRS or equivalent national accounting standards.