As the countdown to Brexit continues, UK businesses need to prepare for all possible outcomes.
There is still uncertainty around what Brexit will mean and planning for what may still potentially be a “No Deal” scenario seems sensible right now.
The Government has published guidance: “UK government’s preparations for a “No Deal” scenario” and it continues to provide updates on how to prepare for the event.
Businesses that buy and sell from and to the EU including Ireland should have contingency plans in place which will need to be flexible to cope with a variety of possible outcomes.
In the event that the UK exits the EU without a deal, either from 11pm GMT on 29 March 2019 or at a future date, many UK businesses will need to apply the same processes to EU trade that apply when trading with the rest of the world.
Brexit requires you to have a good think about your future strategy planning. Take some time to think about what needs to be done sooner rather than later.
Whether there is a “No Deal”, a brief delay in the UK’s departure, a “Deal” or a longer period of transition we advise all businesses to research all scenarios and “plan for the worst but hope for the best”.
We have a more comprehensive “No Deal” Brexit planning checklist available for clients which you can download here – Brexit Ready Checklist UK
Contact us to discuss your next steps.
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