With just under two months to go until the end of the transition period, Business Secretary Alok Sharma has called on companies to take action now to prepare.

In a letter to 600,000 UK businesses, Sharma says that there is ‘no time to waste’ and that companies ‘must act now’ to ensure their operations are prepared for Brexit.

The British Chambers of Commerce said that only 52% of UK firms that trade internationally had carried out a risk assessment ahead of the end of the Brexit transition period on January 1, 2021.

The Government’s online checker tool and transition page is designed to help businesses to familiarise themselves with the actions they will need to take as there will be a guaranteed set of changes and opportunities for which businesses need to prepare as the UK leaves the customs union and single market.

Details of the key actions that businesses and individuals need to take before the end of the transition period can be found by clicking here.

Added to that, the vast majority of these actions will need to be completed regardless of the outcome of our negotiations with the EU.

Making sure you’re ready: changes for business

There are some new rules from January 2021 for business and individuals, including:

  • Businesses that import and export goods
  • The way businesses provide services in EU markets
  • Travelling to the EU
  • Continue living and working in the EU
  • Staying in the UK if you’re an EU citizen

To support business preparations the Department for Business, Energy and Industrial Strategy is also hosting free webinars to help you check the new rules and understand the actions to take. The webinars cover a range of areas throughout October, including consumer goods, metals and materials, electronics and machinery, automotive and construction.

Get in touch

With Morgan Reach at the helm of your Brexit planning, you can rest assured that whatever the future holds, you’ll be ready. For assistance with business enquiries about EU exit, please contact us today.