Is your business ready for changes at the end of the year?
The UK transition period is ending on 31 December and there will be no extension. The UK will no longer be part of the EU Customs Union and Single Market. This means that, regardless of whether the UK reaches a free trade agreement with the European Union, there will be new rules for businesses from 1 January which require immediate action.
Your business should act now to prepare for these new rules. If you do not take action, there is a risk your business operations will be interrupted.
As a first step, you should visit the Government's transition website where you can use a checker tool to quickly identify the actions that your business needs to take. The checker tool will ask you questions about your business and provide all the information you need to be aware of, such as new rules on:
- Importing and exporting
- Moving goods to and from Northern Ireland, including Trader Support Service
- Travelling abroad for work
- Hiring staff from the EU
You can help prepare your businesses for the new rules by using a number of support mechanisms provided by the Government:
- Sign up to receive updates on the specific actions you need to take once you’ve used the checker tool at gov.uk/transition
- Sign up to receive the regular Business Readiness Transition Bulletin – an email newsletter providing information on major announcements and recently published guidance
- Watch the BEIS webinars that set out specific advice on how the following sectors can prepare for 1 January 2021: aerospace, automotive, chemicals, consumer goods and retail, construction, infrastructure and housing, electronics and machinery, metals and other materials, life sciences, and professional business services. Sign up for upcoming live events and also access the webinars on demand here.
This is a challenging time for all businesses in Oxfordshire and we encourage you to take action to avoid interruption to your business operations.
