Despite the on-going impact of Coronavirus, the countdown to Brexit is still on. In just four months’ time, the operating environment for UK businesses will look very different.
The Government has published a checklist of the new rules which will take affect from January 2021 so you can start to plan ahead now by visiting this website.
The most significant change will be that as of 1st January 2021, the UK will be outside the EU’s Single Market and Customs Union. This will have a huge impact for any business that does the following:
· Imports/exports goods or services to the EU
· Travels to the EU (and/or works there)
· Is from the EU but living/working in the UK
With or without a free trade deal, the UK will leave the EU. If you think your business is going to be affected by Brexit, then the first step is to start with the Government’s checklist which you can access here. The key objective with Brexit is things are changing regularly (much like Coronavirus) so keep checking the Government website for advice and sign up for updates here.
If you need any further advice on how your business will operate after Brexit, get in touch with the friendly team at Clear Vision Financial Management. You can email us firstname.lastname@example.org