“Businesses must act now” stresses Business Secretary ahead of the end of Brexit transition
On 12 October, Business Secretary Alok Sharma called on over 600,000 businesses across the UK to take immediate action to prepare for the end of the Brexit transition period.
31 December 2020 will see the UK leave the EU, including the customs union and single market.
From 1 January 2021, there will be a guaranteed set of changes, regardless of a deal with the EU or not, which businesses must prepare for.
These changes include the way businesses import and export goods, the process for hiring people from the EU, and the way businesses provide services in EU markets.
With just 78 days to go until the end of the transition period, the Business Secretary has pleaded in a letter for businesses to familiarise themselves with the actions they will need to take.
On 12 October, Business Secretary Alok Sharma said: “With just 81 days until the end of the transition period, businesses must act now to ensure they are ready for the UK’s new start come January. There will be no extension to the transition period, so there is no time to waste.”
Importantly, the vast majority of these actions will need to be completed, regardless of the outcome of 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 host a series of sector-specific webinars throughout October to remind them of the changes they will need to make.
According to the government, the webinars cover general areas that businesses of any shape and size will need to understand and act on, such as visas, work permits, and tariffs – as well as sector-specific information.
Additionally, the government has created an online checker tool at gov.uk/transition, giving different companies an idea of the actions that their firm may be required to take ahead of the end of the year.
“I urge all businesses across the country to check gov.uk to see what action they need to take, sign up for updates, or attend one of our sector-specific webinars,” added the Business Secretary.
“Businesses have a crucial role to play in ensuring a smooth transition, and we will be there to support them through this change every step of the way.”https://thiis.co.uk/businesses-must-act-now-stresses-business-secretary-ahead-of-the-end-of-brexit-transition/https://thiis.co.uk/wp-content/uploads/2019/12/Brexit-webinar-contingency-planning-docks.jpghttps://thiis.co.uk/wp-content/uploads/2019/12/Brexit-webinar-contingency-planning-docks-150x150.jpgGovernment & Local AuthoritiesNewsroomRetailer NewsSector NewsSupplier NewsTrade NewsAlok Sharma,Brexit,Business Secretary,customs union,EU,European Union,single market,tariffs,transition period,visas,work permitsOn 12 October, Business Secretary Alok Sharma called on over 600,000 businesses across the UK to take immediate action to prepare for the end of the Brexit transition period. 31 December 2020 will see the UK leave the EU, including the customs union and single market. From 1 January 2021, there...Calvin BarnettCalvin Barnettcalvin@thiis.co.ukAdministratorTHIIS Magazine