BREXIT HUB

JANUARY 2020

Post-Transition Brexit Checklist

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

The UK is due to exit the European Union by January 31, 2020. A business-as-usual transition period will follow 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.

Here is the link to the key areas where business should consider whether they are as prepared for change as possible:

CLICK HERE


PREPARING YOUR BUSINESS FOR BREXIT

As the UK prepares to leave the EU, the BCC is helping businesses to consider how they can plan for the future.

Since the EU referendum in June 2016, business communities across the UK have faced unprecedented levels of uncertainty about trading conditions in the future. While the final outcome of the Brexit process remains unclear, the BCC is encouraging companies of all sizes and sectors to consider how they may be affected.

In order to help companies think about how their operations could be impacted, we have created a Business Brexit Checklist, outlining key areas of operations where firms should assess what could change after the UK’s departure from the EU.

In the midst of high levels of political noise and turbulence, the BCC has also created an FAQ to distil the Brexit Agreement and to help businesses understand what it means in practical terms, and a Risk Register to assess progress on 24 business-critical issues.


HAVE YOU CONSIDERED HOW BREXIT WILL IMPACT YOUR BUSINESS?

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

While some companies are already planning for the challenges and opportunities ahead, Chambers of Commerce believe that all firms – not just those directly and immediately affected – should be undertaking a Brexit ‘health check’, and a broader test of existing business plans.

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 has been prepared in response 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.

*Please note that where materials refer to precise timelines for policy these may be subject to revision as events unfold.

• BUSINESS BREXIT CHECKLIST

• BCC RISK REGISTER

• WITHDRAWAL AGREEMENT FAQs and ANALYSIS

• UNANSWERED QUESTIONS ON NO DEAL

• MORE INFORMATION CAN BE FOUND AT gov.uk/brexit – Get Ready for Brexit