New laws approved this week will ensure that no “harmful barriers” will be imposed on trade between the four parts of the UK at the end of the Brexit transition period, it has been announced.
UK Trader Scheme to support movement of goods between Britain and Northern Ireland
The UK Trader Scheme (UKTS) has now been launched to support businesses moving goods between Great Britain and Northern Ireland after the Brexit transition period ends. Here’s what you need to know: What is the UK Trader Scheme? Simply put, the UKTS will ensure that UK traders do not pay international tariffs on the movement […]
Brexit trade deal negotiations continue as businesses warned to prepare for a ‘no deal’ scenario
Sunday’s deadline for reaching a post-Brexit trade deal between the UK and EU came and went as both sides committed to continue negotiating ahead of the end of the Brexit transition period at 11pm UK time on 31 December 2020. The decision to keep negotiations open appears to have been driven by progress on tariffs, […]
UK launches points-based post-Brexit immigration system
The UK’s new points-based immigration is now live to help businesses as they prepare for the end of the Brexit transition period on 31 December 2020. The new system outlines who can work in the UK once the free movement agreement with the EU ends on 1 January 2021. There are several new Immigration categories […]
Business Secretary writes to professional services sector ahead of end of Brexit transition period
The Business Secretary has written to the professional and business services sector warning them about the actions they need to take to prepare for the end of the Brexit transition period. With just a month to go, the letter, titled Are You Ready For New Rules For Business With The EU, sets out the key […]
Failure to secure EU data adequacy decision could cost small businesses billions, study reveals
Data processing could cost small businesses up to £1.6 billion should the UK fail to show the EU that it has adequate levels of data protection, a major study has revealed.
Brexit: How to claim grant funding to help cover the costs of completing new customs declarations
If you are a business who imports or exports products overseas, you may be entitled to grant funding to cover the cost of recruiting, training and adapting your business to the new demands of global trade. The grant funding scheme comes ahead of the end of the Brexit transition period, after which the UK will […]
Access to European Union VAT refund system to end on 31 March 2021, HMRC confirms
HM Revenue & Customs (HMRC) has confirmed that access to the European Union VAT refund system for expenses incurred before 01 January 2021 will cease on 31 March 2021. After this date, UK businesses wishing to claim a VAT refund will have to do so manually through the relevant member state’s VAT system. Any expenses […]
Data protection and Brexit: what you need to know
Small and medium-sized enterprises (SMEs) will have to take extra precautions when using personal data after the Brexit transition period comes to an end, a major regulator has warned. The guidance, published by the Government and Information Commissioner’s Office (ICO), comes as the UK prepares to officially leave the EU on 31 December 2020. To […]