With 2020 having been dominated by Covid-19 and its implications Brexit has, until now, taken a bit of a back seat. And yet, come the end of the year, when the transition period ends, there are some significant implications for all businesses. We want to ensure you have the information and support to help you prepare for trading in 2021.
Key things you need to be aware of and act on include:
- Reviewing your contracts, terms of business and payment terms – they may no longer be relevant.
- Changes in travel and visa requirements which will affect any travel to the EU, EU nationals or UK nationals living overseas.
- Changes in tariffs, import VAT, insurance and VAT registration plus the need to register for an EORI (Economic Operators Registration and Identification) number for businesses that import or export goods, either as sales or in their supply chain.
To help SMEs prepare, we have produced some helpful materials including:
- Preparing for Brexit: A Guide for SMEs (including helpful links to tools and further resources)
- A 15-point Action Plan.
Please find at this link a copy the 15-point checklist Brexit Infographic
If you would like a copy of our accompanying Guide, produced in conjunction with UK200 Group, please email us at firstname.lastname@example.org