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Brexit and what it means for you

Collage showing Britain and Europe

Now that the UK has left the EU, what does this mean, and what must we do to adapt? We asked Scottish Enterprise to explain how this affects us and our businesses:

A trade deal has been agreed between the UK and EU and things are changing, businesses need to know how to operate so they can manage the impact it will have on them.

Many of these changes are already known: for example, the process for importing and exporting goods from the EU will see around 18,000 Scottish businesses having to submit customs declarations for the first time. Many businesses choose to hire a person or business to help, such as a customs agent, freight forwarder or authorised Chamber of Commerce, but these will require conversations sooner rather than later.

We know too that product labeling and markings will change, with a new UKCA marking being introduced from 1 January to appear on goods placed on the Great Britain market. Additionally, goods sold in the Northern Irish market will require the CE marking or UK(NI) mark.

Knowing and understanding all of the actions your business should be taking now can be daunting, but help is at hand.

PrepareForBrexit.scot offers a one-door approach for all businesses in Scotland to access the most up-to-date information and advice, no matter what planning stage they are at. Delivered in partnership by Scotland’s enterprise and skills bodies and supported by a range of stakeholders, including local authorities, VisitScotland, sector bodies and many more, it provides tools including a 10-point Brexit Checklist, Brexit Transition Toolkit, online resources and links to webinars offering specialist advice.

“My business won’t be affected as I don’t trade with the EU.”

There is a misconception that Brexit will only impact businesses that export: wrong!  Even if you are not an exporter, Brexit still has the potential to impact your business. For example:

  • If you employ EU/EEA staff you will need to understand the implications of proposed changes under the new UK Immigration policy.
  • If you provide services in the EU or EFTA region you will need to have UK professional qualifications officially recognised by the appropriate regulator for your profession in each country where you intend to work.
  • Supplier costs may increase, e.g. consumables, recruitment, materials – have you carried out cashflow projections?
  • If your business receives personal or customer data from the EU/EEA, you may need to ensure compliance with data protection from 1 January 2021.
  • If you travel in the EU for business you may need a visa or work permit, or additional documents depending on your business activities. Check too that your passport remains valid for at least six months.

You can take action now

Don’t leave it too late for your business. Visit the PrepareForBrexit website today and make sure you’re taking the necessary actions to protect your business.

 

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