The UK has left the EU, and the transition period after Brexit comes to an end this year. Businesses should act now to identify what the shifts mean for their operations before making the changes to systems, processes, staffing and potentially business models. Whatever happens, Brexit is likely to impact on your business in the short and long term – even if you do not trade internationally.
Check the new rules from January 2021 and take action now.
There are also Government Guidelines here for you to understand how your EU suppliers can buy from and sell to UK businesses.
Here are some of the main areas that will be affected, either directly or as a knock-on effect:
- International trade
- Supply chain
- Customer base
- Tax and VAT
We already know many changes that will take place following the transition period. For example:
- Free movement of people will end and a new UK immigration process will be implemented on 1 January 2021, affecting the recruitment of new EU staff
- Existing EU staff will need to apply for the EU Settlement Scheme. The deadline for applications is 30 June 2021, or 31 December 2020 if the UK leave the EU without a deal
- Businesses trading directly with the EU will need to develop or access the expertise needed to complete customs paperwork, and factor in the additional costs involved
- Product markings will change, with the CE mark being replaced by the new UKCA mark
- Hauliers need to apply for the necessary operator licenses and permits, and understand the rules for transporting certain types of goods (such as live animals, animal products and perishable food)
- Staff travelling to and from the EU will need to have a passport valid for at least six months
If you have any questions or concerns relating to how Brexit is likely to affect your business please contact email@example.com and we will be able to signpost you to the appropriate support bodies.