rrespective of the agreement reached with the EU, businesses in the UK need to take action to prepare for the end of the transition period on 31 December 2020.
The most immediate and significant changes will be to:
how goods are moved across the border
how businesses provide services in the EU market
the immigration status of workforces
data protection requirements
Gov.uk transition checker tool
The key first step in determining what actions a business may need to take is to use the transition checker tool available at https://www.gov.uk/transition. This will generate tailored advice and a personalised list of actions for businesses to take by 31 December 2020. There is also an opportunity to sign up for alerts and updates as the guidance continues to be updated.
Sector specific webinars
In addition, the Department for Business, Energy and Industrial Strategy (BEIS) has prepared a series of sector specific UK Transition business webinars that you can access on demand. These will assist in understanding the new rules and changes that need to be made.
The UK Government is seeking trade continuity agreements for existing trading partners as well as negotiating new free trade agreements. Further detail on these agreements is available at https://www.gov.uk/guidance/uk-trade-agreements-with-non-eu-countries
10 questions to ask yourself as a business owner:
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