With 2020 having been dominated by Covid-19, 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.
What will Brexit mean for SMEs?
- 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
- Reviewing your contracts, terms of business and payment terms – they may no longer be relevant
How can I prepare my business for Brexit?
We understand that leaving the EU will have a significant impact on many businesses. To help, we have created a guide that summarises the key actions you should be taking to ensure your business is ready for Brexit. This includes:
- Clear and simple sections explaining the key implications of Brexit
- Key actions SMEs need to take to prepare for Brexit
- Links to resources, tools and further information
You can see the full guide including the practical steps and actions you can take in our Guide for SMEs: Preparing for Brexit. Please click here to download your copy.
Here to Help
The landscape is ever-changing. As ever, we are here to support you.
If you would like to chat about how Brexit may affect you and practical steps you can take to protect your business, please do get in touch. You can contact the team here, or call our Southend office on 01702 466 886.