Nine steps to prepare for no-deal Brexit
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.
- Have you made sure your EU employees understand what steps they need to take to continue living in the UK post-Brexit?
- Will you be able to travel to the EU post-Brexit?
- Have you reviewed your contracts?
- If you export or import goods, are you ready to comply with new trade requirements?
- Will you still be able to export manufactured goods to the EU, or rely on existing certifications in the UK?
- Will you still be able to operate in the EU?
- Will you still be able to transfer personal data to and from the EU?
- Will you still be able to protect your intellectual property?
- 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.