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Negotiations with our partners in the European Union towards a trade deal seem to be faltering, increasing the probability of a “No Deal Brexit”.
Despite a sneaking suspicion that it is in both sides interests to pull a deal from the fire at the last minute, there will be guaranteed changes from 1st January 2021.
Businesses with an EU connection will have a new relationship and it is vital to be prepared. The reality is that, notwithstanding the other challenges businesses are currently facing, the UK will be outside of the single market and customs union in what is now a matter of days.
The government has launched a website https://www.gov.uk/transition with a checker tool where you can see the impact on you and your business.
As the website apocalyptically states – Time is Running Out. As of today, there are seventy-three days to go until the end of the transition period and there will be no extension, so you need to act now.
Whatever happens, there are guaranteed to be changes to:
More than that, you need to consider other factors from where personal data is stored and whether there is any impact on your accounting and reporting requirements to having a GB sticker on the back of your vehicle.
We have run a simulation for a professional services company below to give you an idea of the matters to consider and we would urge you to do the same for your business and to subscribe for updates at the end of the process.
How to get ready for new rules in 2021: Your results
What you need to do may change
Subscribe to email updates about changes that may affect you and get a link to your results
Your business or organisation
Because you said:
Check if your employees need a visa or work permit and that they meet professional requirements for the country they’re going to
You or your employees might not be able to enter or work in some countries.
More information:
Providing services to any country in the EU, Iceland, Liechtenstein, Norway or Switzerland from 2021
Check if you need to change your contract to keep accessing personal data from the EU, Norway, Iceland or Liechtenstein
You may not be able to access personal data from the EU without the right arrangements in place.
More information:
Using personal data in your business or organisation from 2021
Appoint a representative in the EU if you run a large UK-based online business providing digital services in the EU
You risk being fined if you do not have a representative to help you meet online security standards.
More information:
NIS Regulations – what digital service providers in the UK should do from 2021
Check what you need to do if you own a UK legal services business
You risk not being able to continue providing legal services in the same way if you do not meet new requirements.
More information:
Legal services business owners from 1 January 2021
Check what you need to do to continue to work or provide legal services in the UK, if you’re a lawyer with a qualification from the EU, Norway, Iceland or Liechtenstein
You risk not being able to continue working or providing legal services in the UK if you do not prepare.
More information:
EU lawyers in the UK from 1 January 2021
Check the rules for providing online services to the EU, Norway, Iceland or Liechtenstein
You may be breaking the law if you do not follow the rules in the country you provide online services to.
More information:
The eCommerce Directive after the transition period
Check which carbon pricing policies you need to comply with
You risk not complying correctly with emissions reporting and carbon pricing regulations, which could lead to a fine.
More information:
Meeting climate change requirements from 2021
Check if you need to change how you do accounting and reporting
You risk breaching reporting requirements in the EU, Norway, Iceland or Liechtenstein if you do not make any changes you need to.
More information:
Accounting for UK companies from 1 January 2021
Check the rules for reporting unfair trade practices using the UK’s new trade remedies service
You risk being affected if imported goods are dumped on the UK market or are benefiting from subsidies – or if there is a sudden increase in imports to the UK of a certain product.
More information:
Applying for a trade remedies investigation
Get your UK qualification recognised if you want to work in a regulated profession in the EU, Norway, Iceland or Liechtenstein
You risk not being able to continue working or providing services in the EU if you do not prepare.
More information:
Recognition of professional qualifications
You and your family
Visiting the EU
Because you said:
Check if you need a visa or work permit and meet the professional requirements to travel to the EU, Switzerland, Norway, Iceland or Liechtenstein for work
You may not be able to enter or work in some countries if you do not meet the requirements.
More information:
Visit Europe from 1 January 2021: Business travel
Check whether your mobile phone company has changed its mobile roaming charges before travelling to the EU, Switzerland, Norway, Iceland or Liechtenstein
You may be charged for using your mobile device in the EU, Switzerland, Norway, Iceland or Liechtenstein if your operator has reintroduced roaming charges.
More information:
Visit Europe from 1 January 2021
Check for disruption to your journey before you travel between the UK and the EU – border checks may take longer
If you do not allow enough time, you could miss your flight, train or ferry.
More information:
Visit Europe from 1 January 2021
Check if you need an International Driving Permit before you drive in the EU, Switzerland, Norway, Iceland or Liechtenstein
You could get a fine or your vehicle could be seized if you drive without the correct documents.
More information:
Put a GB sticker on the back of your vehicle if it’s registered in the UK, even if your number plate already shows GB with a Euro symbol
You could get a fine if you do not have a GB sticker when you need one.
More information:
Driving in the EU from 2021 – GB stickers and number plates
Visiting Ireland
Because you said:
Check whether your mobile phone company has changed its mobile roaming charges before travelling to the EU, Switzerland, Norway, Iceland or Liechtenstein
You may be charged for using your mobile device in the EU, Switzerland, Norway, Iceland or Liechtenstein if your operator has reintroduced roaming charges.
More information:
Visit Europe from 1 January 2021
What you need to do may change
Subscribe to updates about changes that may affect you and get a link to your results.
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