Many businesses still need to take action to prepare for change ahead of the UK's departure from the EU.
One urgent example is the need for all businesses who move goods into or out of the EU (including the UK) to have an Economic Operator Registration Identification (EORI) number If you do not get one, you may have increased storage costs and delays if HM Revenue and Customs (HMRC) cannot clear your goods.
To mitigate potential impacts, HMRC are now auto-enrolling all possible VAT-registered businesses who trade with the EU for a UK EORI number. However, if your business is not VAT-registered and you trade with the EU, you still need to register for an EORI number yourself. Fortunately, getting an EORI number is an easy process that takes 5-10 minutes.
To help small businesses understand what preparations they need to make ahead of the UK leaving the EU, a digital leaflet has been published.
It offers suggested actions for small and medium-sized businesses on a range of topics like importing and exporting, data, goods and other topics. It also suggests further sources of support.
To understand how leaving the EU may affect your business and what you can do to get ready, The Government has published new online guidance covering potential scenarios.
The “Preparing for EU Exit” website is the central site for guidance aimed at businesses and individuals.
Government have also developed a tool specifically for businesses to help them prepare for the UK exiting the EU. It asks businesses seven questions which cover core operation areas that may be impacted. Depending on responses provided, the toolkit draws together guidance which is most relevant to the businesses individual circumstances. You can find out:
- what your business will need to do to prepare for the UK leaving the EU
- what’s changing in your industry
- information on specific rules and regulations
In addition to these key resources, wider information has been published on the following topics:
- Employing EU Citizens - Changes to areas include movement of people, settled status and qualifications
- Energy and climate - Changes to areas include energy, renewables, the nuclear industry and regulated carbon emissions
- European and domestic funding - Changes to funding for areas include research and higher education, social and structural development and sector-specific funds
- Health and social care providers - Actions that providers and commissioners of health and social care services should take to prepare for and manage the risks of a no-deal exit scenario
- Importing, exporting and transporting - Changes to areas include importing or exporting goods, moving goods across borders, haulage permits, customs and tax
- Intellectual Property - Changes to areas include copyrights, trademarks and patents
- Operating in the EU - Changes to areas if your business operates in the European Union
- Public sector procurement - Changes to areas include government contracts
- Regulation and standards for products and goods - Changes to areas if you sell physical products or goods in the UK
- The EU Settlement Scheme - Includes the Employer Toolkit
- Using personal data - Changes to exchanging personal data with another organisation in Europe
As part of the 'no-deal' preparation process, the government has also published a detailed series of ‘technical notices’ and a Partnership Pack with information designed to help businesses with their own contingency planning, as well as the customers and clients of business advice services. Key documents are highlighted below:
- Customs, excise, VAT and regulatory changes you need to know about if there is no deal
- Communication Resources
- Preparing for a ‘no deal’ EU Exit: step-by-step guide to importing
- Preparing for a ‘no deal’ EU Exit: step-by-step guide to exporting
- Traders with the EU and the rest of the world
- Traders with the rest of the world only
- Agri and food businesses importing or exporting to and from the EU
The Department of International Trade (DIT) have provided an EU Exit enquiry form for businesses to seek further information.
The latest guidance for a 'No-Deal' Brexit:
The Heart of the South West Growth Hub
Our LEP wide Growth Hub continue to update their Brexit page with useful links to trustworthy sources of information & advice, Brexit related events and other resources that could be of use to local businesses.
Find out more, see the HotSW Growth Hub Brexit Resources page.
The Growth Hub has access to a range of resources provided by Government and partners to help businesses plan for the various Brexit scenarios. They are also able to feedback your thoughts and experiences direct to The Department for Business, Energy and Industrial Strategy (BEIS).
Advisers can talk with you further about the events and appropriate business support programmes that meet your business needs. Contact the team on 03456 047 047 or email email@example.com
Information and links accurate at 25.09.2019