What does Brexit mean for your business?
The UK is leaving the EU. Leaving the EU means your business or organisation may need to prepare for change. Delivering a deal negotiated with the EU remains the government’s top priority. With an implementation period until December 2020, this would give businesses and organisations stability, certainty and time to prepare for our new relationship after EU Exit. However, the government must plan for every possible outcome including no deal. Without a deal, businesses and organisations may need to take action before 31 October 2019.
At the Cheshire and Warrington Growth Hub, we have the latest news, to help you to continue to grow as the UK exits the European Union.
Support for business
The Government has published support for businesses and individuals in preparing for EU Exit. The “Preparing for EU Exit” website is the central site for guidance aimed at businesses and individuals, bookmark this site to ensure you get the most up to date information.
Government has produced a guide to help small businesses prepare for the UK leaving the EU.
A tool has been developed to help your business prepare for the UK leaving the EU,by answering 7 simple questions you will get guidance most relevant to your business.
This tool can help you to find out:
- what your business will need to do to prepare for the UK leaving the EU
- what’s changing in your industry
- information on specific rules and regulations
In December, HMRC wrote to VAT-registered businesses that trade only with the EU advising them to take 3 actions to prepare for a no deal EU Exit. You can read the full letter here
The three steps advised in December 2018 are:
- Register for a UK Economic Operator Registration and Identification (EORI) number if your business only trades with the EU.
- Decide if you want to hire an agent to make import and/or export declarations for you or if you want to make
these declarations yourself (by buying software that interacts with HMRC’s systems)
- Contact the organisation that moves your goods (for example, a haulage firm) to find out if you will need to
supply additional information to them so that they can make the safety and security declarations for your
goods, or whether you will need to submit these declarations yourself.
Changes in event of no deal
HMRC have created a set of video guides to help UK businesses prepare for a no deal EU Exit with 5 key areas businesses must be aware of.
Sector specific guidance
The Department for Business, Energy and Industrial Strategy (BEIS) has recently published sector specific guidance for businesses setting out how to prepare for EU Exit. Please follow the links for: automotive, aerospace, construction, oil and gas production, retail, space, professional and business services, chemicals, steel, electronics, machinery and parts, mining and non metal manufacturing, consumer goods, electricity sector ,life sciences, nuclear, research and innovation, parcel delivery services,and gas markets.
The government has also produced country specific guidance for providing services with EU countries, in the event of no deal.
Government departments guidance
The government portal also has a range of specific guidance and publications around Brexit, for specific topics (e.g. manufactured goods,intellectual property) can be found here
The main site for guidance on exiting the EU is here
Other government departments and offices that publish guidance and updated advice include:
UK Export Finance (UKEF) wishes to consult on proposed changes to its Foreign Content policy. View the consultation here