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Kirk Rice Blog

EU Exit – Government Launches Service To Prepare FirmsWritten on March 20, 2019 by Kirk Rice LLP

With Brexit looming, it will come as no surprise that businesses are asking us what they should be doing to prepare for our exit from the EU. In preparation, the Government has launched a new website service to help businesses prepare for the UK’s exit from the EU later this month.

‘Prepare your business for leaving the EU’ is an online tool that provides information on specific rules and regulations, and aims to inform business owners of what is changing in their sector.

Through accessing the tool you will find out:

  • what your business may need to do to prepare for the UK EU exit
  • What’s changing in your industry
  • information on specific rules and regulations

The service will ask you seven simple questions before providing what the Government describes as ‘guidance relevant to your business’.

With an agreement yet to be reached on the UK’s scheduled exit from the EU at 11pm on Friday 29 March 2019, the Treasury has stepped up its efforts to prepare exporters.

According to the most recent research from the Office for National Statistics, almost one in ten UK SMEs took up the opportunity to export, collectively shipping goods worth £637 billion in 2017.

The Treasury recently hosted a conference to assist owners of businesses that import and export goods with companies based in the EU.

The event outlined a range of scenarios and changes that businesses will need to respond to after 29 March, as they trade with EU companies in a post-Brexit era.

Mel Stride, financial secretary to the Treasury, said:

“HMRC is doing everything it can to make clear to businesses what is required of them ahead of when we leave.

“In recent months, HMRC has published technical notices, partner packs, letters and guidance setting out the implications for a no-deal scenario.

“There is a real need for businesses trading to be ready and able to comply with any new rules and be emboldened to continue trading confidently.”

In addition the Thames Valley Chamber of Commerce has a comprehensive ‘Preparing For Brexit’ Toolkit on their website. Click here to find out more.

If you would like to discuss the possible implications of the EU exit with your business before or post-Brexit, do make contact with us by emailing info@kirkrice.co.uk to arrange a suitable time to speak to an tax or business accounting specialist.

GOVERNMENT SITE – PREPARING YOUR BUSINESS FOR THE UK LEAVING THE EU

THAMES VALLEY CHAMBER OF COMMERCE ‘PREPARING FOR BREXIT TOOLKIT’

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