Are you fed up with hearing about it yet? Will there be a deal, won’t there be a deal? Your guess is as good as ours! “Brexit-day” came and went and we are now just days away from round two. The EU has given the UK until 12 April to see if Parliament can agree on what should happen next. But, given the level of uncertainty around what Brexit will mean, planning for a “No Deal” scenario seems sensible right now.
No Deal planning
The Government has published guidance: “UK government’s preparations for a no deal scenario”. It continues to provide updates on how to prepare for the event.
Businesses that buy and sell from the EU should have a contingency plan in place. Plans will need to be flexible to cope with a variety of possible outcomes.
In the event that the UK exits the EU without a deal on the 12 April 2019, many UK businesses will need to apply the same processes to EU trade that apply when trading with the rest of the world.
Here is a checklist of some of the areas you should consider, particularly if you import or export goods to the EU and haven’t had the need to complete the various forms before. The checklist also considers general implications of a “no deal” Brexit.
Obviously we don’t have a crystal ball but we advise all businesses to research all scenarios. Always, “plan for the worst and hope for the best”.
If you have any questions or if we can help you prepare in any way give us a call on 01332 292022 or drop us an e-mail to firstname.lastname@example.org