Brexit: vital planning for businesses and individuals

The focus of the nation has understandably been on the current COVID-19 pandemic, but we all need to plan ahead for 1 January 2021 and the UK's exit from the EU single market and customs union.

This is when the new rules will come into force affecting individuals and businesses, as well as travel to and from the EU.

Be prepared

The best place to start is the government website: https://www.gov.uk/transition, which will help guide you through the myriad of changes and how they will impact you.

Even businesses that don't trade with the EU can still be affected, especially if you employ anyone from the EU. Have you checked their settled status, for example?

Imports and exports

If you import or export goods from or to the EU, you must have an EORI (Economic Operators Registration and Identification) number, along with the relevant Customs declarations and paperwork. VAT and custom duties will also be required on imports (subject to any new EU trade deals).

Travel

For those planning to visit EU countries, there are new passport and medical insurance considerations. Futhermore, if you want to drive in the EU, you'll need to familiarise yourself with the requirements of each country that you'll be travelling in.

Further guidance

There are a multitude of changes and the gov.uk self-guided Q&A will give you a good indication of what you'll need to consider.

We are ready to help in any way possible. If you have any queries or concerns regarding the new rules and how they might impact you or your business, please don't hesitate to contact us.