UK “No Deal” Brexit Planning Checklist – are you prepared?
There is still uncertainty around what Brexit will mean and planning for 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.
See: https://www.gov.uk/government/publications/uk-governments-preparations-for-a-no-deal-scenario. Businesses that buy and sell from the EU 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, from 11pm GMT on 29 March 2019, many UK businesses will need to apply the same processes to EU trade that apply when trading with the rest of the world.
Here are some of the areas you should consider, particularly if you import or export goods to the EU and haven’t had the need to complete the various forms before.
The checklist also considers general implications of a “no deal” Brexit – download the checklist here.