Business development · 12 October 2020

81 days till the Brexit countdown. Are you prepared for the end of the transition period?

Business Secretary Alok Sharma urges small businesses to start preparing for the end of the transition period as the UK gears up to leave the EU single market.
Business Secretary Alok Sharma urges small businesses to start preparing for the end of the transition period as the UK gears up to leave the EU single market.
Businesses need to take action now to prepare for the UK’s new start on 1 January 2021, says Business Secretary Alok Sharma in a letter to over 600, 000 firms across the UK.

  • With just 81 days to go until the end of the transition period, Business Secretary calls on companies to take action now to prepare
  • Government to host range of webinars to help businesses get ready for the UK’s new start
  • Sector-specific webinars will cover areas such as visas, work permits, and tariffs
In his letter, the Business Secretary calls on businesses to familiarise themselves with the actions they will need to take, by visiting?gov.uk/transitionand using the checker tool.When the transition period ends on 31 December 2020, there will be a guaranteed set of changes and opportunities for which businesses need to prepare as the UK leaves the customs union and single market, including changes to the way businesses import and export goods, the process for hiring people from the EU, and the way businesses provide services in EU markets.The vast majority of these actions will need to be completed regardless of the outcome of our negotiations with the EU. These include ensuring staff register for residency rights and preparing for customs procedures when trading with the EU.

To make sure businesses are prepared, the government will also host a series of sector-specific webinars throughout October to remind them of the changes they will need to make.


 
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ABOUT THE EXPERT

Praseeda Nair is the editorial director of Business Advice, and its sister publication for growing businesses, Real Business. She's an impassioned advocate for women in leadership, and likes to profile business owners, advisors and experts in the field of entrepreneurship and management.

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