Both the UK and the EU need to ratify the withdrawal agreement by 31 January 2020. There will then be an implementation period until 31 December 2020 while the EU and UK negotiate new arrangements. Until this implementation period ends, there is no easy answer as to how Brexit will affect UK businesses! However there are some ways that your business can prepare now for the UK’s exit from the EU.
For information on what to do if you import goods from the EU, visit this link: https://www.gov.uk/prepare-import-to-uk-after-brexit
If you export goods to the EU there is advice here: https://www.gov.uk/prepare-export-from-uk-after-brexit
Information for businesses that transport goods out of the UK by road can be found here: https://www.gov.uk/transport-goods-from-uk-by-road
Even if your business does not fall into one of the above three categories, there are still likely to be factors that will affect you once the legislative changes and economic impact initiated by the Brexit process begin to take full effect. If you have queries about how to prepare your business for these eventualities, speak to a member of our team for advice.
