Time’s running out - is your business ready for a new start with Europe?
The way the UK does business with Europe changes from January 1, heralding a new start. All companies that trade with the EU need to act now to make sure they are set to go.
CHANGE ON how we trade with Europe is fast approaching and all companies need to be ready now to make sure they can do business.
Those companies acting now will be best placed for the UK’s new start and to take advantage of new opportunities from January 1.
Unless businesses have all the correct processes, contracts and agreements in place they will not be able to trade with the EU from that date.
They will need to make import and export declarations to move goods between the UK and the EU, as currently happens between the UK and countries outside the EU.
To help with changes to trade the UK Government has put a range of support measures in place. These include introducing new border controls in stages up until July 1 2021 and providing more than £80 million to boost the capacity of the customs intermediary sector. It
has also provided £705 million for border infrastructure, staffing and IT, to ensure border systems are fully operational when the UK takes back control of its border after the end of the transition period.