Skip to main content

Clifford Chance

Clifford Chance


The impact of Scottish independence on tax, pensions and financial services

5 August 2021

If Scotland were to vote, in a second referendum, for independence from the rest of the UK, Scotland would need to enter new cross-border tax agreements, which could affect current tax and pensions arrangements.

Scotland also wants to join the EU, which could have a profound impact on cross-border trade between Scotland and the rest of the United Kingdom (rUK), including a requirement for duties and a border infrastructure, as well as significant implications for financial services.

Download PDF