Wilkins Kennedy highlight some issues and possible solutions for businesses trading in and/or moving goods.
Although the final outcome and timeline for BREXIT is uncertain, there are some steps businesses can consider in their BREXIT planning. A “hard BREXIT” with no deal on 29 March 2019 or at the end of the Transitional Period would have an immediate impact as the old pre-1993 Customs Borders will effectively be restored.
The biggest impact will undoubtedly be felt by businesses trading in goods with other EU countries and, for businesses which have not previously had to manage UK import and export processes, the changes could be daunting.
The points outlined below are a selection of issues/solutions which businesses should consider but these will take on greater or lesser significance depending upon the structure and nature of the business.
We have a team of Indirect Tax specialists who can help businesses to assess their current position and what options and solutions may be available depending upon the final form of BREXIT. To find out more, contact our specialist Indirect Tax team.
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