Find out how to prepare your business for Brexit by reading our comprehensive guide on topics such as people, trade and regulation
How to prepare for Brexit
Brexit step-by-step guide
Step 1: Determine how many EU citizens you directly employ in the UK and when they first came here.
Step 2: Revisit your right to work checks, and ensure that they are still current.
Step 3: Assess how many of your UK employees are based in the EU.
Step 4: Find out how long they have resided in the EU for.
Step 5: Determine how many of your employees travel into the EU for temporary periods of time to work. Page 19 of our 'Navigating Brexit' report has more detail about this.
Step 1: Map out your reliance on EU regulation, for your own business, your suppliers and your customers. You can read more on Page 3 of our Brexit Regulation Report.
Step 2: Look at your commercial and trading relationships and see whether they require you to have a presence in the EU.
Step 3: Find out if you manufacture products which are required to conform to EU standards or are linked to compliance with EU regulation.
Step 4: Review your contracts and look for terms that allow a contracting party the option to terminate after Brexit – for example on the basis of a material change or force merger.
Step 1: Become familiar with import and export declaration. You can find more information on Page 3 of our 'Life after Brexit' report.
Step 2: Consider if your goods will be subject to physical customs inspections at the border. Page 5 of our 'Life after Brexit' report has more detail about this.
Step 3: Identify certificate of origin requirements for your goods. More detail about this can be found on Page 2 of our 'Life after Brexit' report.
Step 4: Consider whether you are likely to face time delays at ports or border crossings. Page 3 of our 'UK Trade with the EU' report has more information.
Step 5: Raise your awareness of Authorised Economic Operator Status and assess whether it’s right for your company. Read Page 6 of our 'Life after Brexit' report for more.
Rules of origin
Step 1: Assess the percentage of your component parts/inputs of the product you manufacture – what came from EU or the rest of the world. Read more about this on Page 2 of our Rules of Origin report.
Step 2: Look at whether the manufacturing process ‘substantially transforms’ the inputs you are using into a completely new product. There is more information about this on Page 3 of our Rules of Origin report.
Step 3: Compare HS tariff codes assigned to the component parts and the final product. The World Trade Organisation tariff database has more detail.
Step 4: Assess the percentage of value added that occurs in your manufacturing process. Our Rules of Origin report has further information about this.
Step 1: Establish your imports and/or exports from the EU. Our Brexit Trade Tool can help you do this.
Step 2: Identify the international HS tariff codes your goods are classified under.