Nine steps to prepare for no-deal Brexit

Brexit and UK services industry
David Wood.jpg By David Wood, Senior Policy Director, ICAS

29 January 2019

The UK is scheduled to leave the EU on 29 March 2019 at 11pm GMT, just 8 weeks away, yet there remains no certainty on what will happen.

Businesses (and other organisations) should therefore be taking steps to understand their exposure to the risks of a no-deal Brexit, and considering what they can do to prepare for all eventualities.

Brodies – sponsors of The ICAS Brexit Tracker Survey – have prepared a checklist of nine key questions businesses should be asking themselves.

  1. Have you made sure your EU employees understand what steps they need to take to continue living in the UK post-Brexit?
  2. Will you be able to travel to the EU post-Brexit?
  3. Have you reviewed your contracts?
  4. If you export or import goods, are you ready to comply with new trade requirements?
  5. Will you still be able to export manufactured goods to the EU, or rely on existing certifications in the UK?
  6. Will you still be able to operate in the EU?
  7. Will you still be able to transfer personal data to and from the EU?
  8. Will you still be able to protect your intellectual property?
  9. Have you checked how, and by whom, your business activities will be regulated?

If you have a Brexit contingency plan you can test it against the checklist.

If you are still holding off from forming a plan, or think you will be unaffected by Brexit, you can use the checklist to ensure you identify and consider all the key issues.

Topics

  • Business issues
  • Brexit

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