The UK is due to leave the EU on 31st October 2019. This will affect how the UK does business with its current EU Partners.
In our previous blog we looked at sources of grant funding to assist businesses affected by the proposed withdrawal from the EU.
As this is an ever evolving subject HMRC are constantly updating their guidance to assist businesses. They have released further details which cover:
- EORI Numbers.
- A Brexit trader preparation checklist.
- Importation from the EU through roll on roll off locations.
Further guidance can be found at:
Whilst we are unsure whether the UK will leave the EU with or without a deal, with just over a month until Brexit day, businesses need to be prepared for every eventuality to ensure there is a smooth transition into a potential new trading era with our EU partners. Please get in touch with our specialist tax team if you would like any support preparing for Brexit on 0161 476 8276 or email firstname.lastname@example.org
30/09/2019 – EORI number update
As you are probably aware by now to continue to trade with the EU post Brexit (depending on deal, no deal etc.) you should have applied for an EORI number.
What isn’t well publicised is that this also applies to non-VAT registered businesses.
It is therefore important that if you trade with the EU whether you’re VAT registered or not, apply for an EORI number ASAP.
03/10/2019 – Brexit events to help your business
A number of events are being arranged across Greater Manchester to help businesses prepare for Brexit. They focus on a range of areas such as strategic planning, forecasting, raising finance and more. Book your place at one of the events by clicking here.
The information contained herein is of a general nature and is not intended to be received as formal professional advice. Whilst we endeavour to provide accurate information, there can be no guarantee that the information is accurate as of the date it is received, or that it will continue to be accurate in the future, due to legislative changes. It is therefore important that before you act upon any information contained herein you seek appropriate professional advice to take account of your exact circumstances.