Business Brexit Checklist

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The UK’s departure from the European Union will bring change for businesses of every size and sector

 

The UK exited the European Union on January 31, 2020. A business-as-usual transition period now follows as negotiations to establish a future relationship beyond December 2020 take place*. If these talks fail to produce an agreement, a ‘no-deal’ Brexit is still possible in December 2020. Time spent thinking through the changes that Brexit may bring to your firm could yield real dividends in future. There are steps that businesses of all sizes can take now to start planning ahead.

The checklist below relates to possible changes flowing from Brexit that your business may need to consider. It has been prepared in response to BCC research on business preparation, and in response to member queries and the information available from government. We hope you find it useful as a basis for business planning at both operational and Board level. Below are the key areas in which you should consider possible changes, and resources which can help you plan.

Business is done better together and you don’t have to navigate Brexit alone. Contact your local accredited Chamber of Commerce to find out how your Chamber can support you.

 

*There may be some differences to the status quo for UK trade with third countries – please check. Note that where materials refer to precise timelines for policy, these may be subject to revision as events unfold. This checklist may not contain changes to EU legislation or regulations that will apply to the UK whilst the UK 1) is a member of the EU or 2) going through a transition period.

Below are the key areas where business should consider whether they are as prepared for change as possible:

2.Cross-border trade

3.Taxation/Insurance

4.Currency/
Intellectual Property/Contracts

5.Regulatory Compliance/Data Protection

8.European Funding and Public Procurement

9.GOV.UK Business Preparation Tool