How to prepare for formal EU exit
Step-by-step guide for businesses to prepare for formal EU exit
EU exit 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. For more information see our guidance here
Step 1: Determine how EU regulation impacts your product design and manufacture. Assess for impacts on your business operations, across your supply chain and end customers.
Step 3: Determine if your products have a high dependency on EU product standards and/or compliance with EU regulation.
Step 4: Review all business contracts and make necessary provisions against potential commercial actions from suppliers and customers.
Step 1: Become familiar with import and export declaration processes.
Step 2: Consider if your goods will be subject to physical customs inspections at the border.
Step 3: Identify certificate of origin requirements for your goods.
Step 4: Consider whether you are likely to face time delays at ports or border crossings.
Step 5: Raise your awareness of Quality Mark schemes for customs and security accreditation that simplify clearances at borders.
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.
Step 2: Look at whether the manufacturing process ‘substantially transforms’ the inputs you are using into a completely new product.
Step 3: Compare HS tariff codes assigned to the component parts and the final product.
Step 4: Assess the percentage of value added that occurs in your manufacturing process.
Step 1: Know the country origin of your imports and/or exports
Step 2: Identify the international HS tariff codes your goods are classified under.
Step 3: Calculate the cost of Tariff for your import/export liabilities
Step 1: Know the country/ies of your imports and/or exports
Step 2: Identify if the country/ies has a preferential trade arrangement with the EU
Step 3: Know if the UK has agreed preferential trade terms with the country(ies)
Step 4: Assess any changes in Trade terms that will affect imports/exports (e.g. tariffs, product certification, product regulation & licencing)