The British Chambers of Commerce has created a special checklist to help businesses consider the changes they may have to make when the UK leaves the EU.
All businesses – not just those directly and immediately affected – should be undertaking a Brexit health check, which BCC says could yield real dividends in future.
While a final agreement is still to be negotiated between the UK and the EU, BCC says that it has created the checklist based on research carried out nationwide through Chambers of Commerce so it can help businesses to start planning now.
The findings of the research, which asked questions covering how much time companies had spent considering the impact of Brexit on their business; whether there had been Board level discussions and how changed in the UK-EU relationship could impact them; suggested that a significant amount of businesses were ‘watching and waiting’ or taking no action at all.
The checklist has four main sections covering Workforce, Cross-Border Trade, Taxation and Currency/Intellectual Property/Contracts, with specific issues including the impact of immigration changes on staffing and skills; potential delays at the UK/EU border; possible introduction of import VAT and possible currency risk.
To read the entire checklist, click here.
