Business after Brexit: the final checklist
As the 1st January 2021 deadline draws ever nearer, we’ve created this handy checklist to help you ensure your business is as prepared as possible for the new Brexit trading rules.
1. Register for a GB EORI number. Find out how here.
2. Understand new duty and tariffs and factor in any additional costs to your budget. Find out more here.
3. Find out if any of your products or raw materials will require additional licences. This will apply for certain animal materials, like leather, as well as plants, seeds and plant products. Find out more about licensing here.
4. Check what the new rules will mean for any EU nationals on your team.
5. Review your contracts and any regulations surrounding company rules, consumer rights, information security rights. You may want to seek the advice of a lawyer of Brexit consultant for this.
6. Ensure any intellectual property you hold is still valid in the EU.
Find out more about steps 4, 5 and 6 here
7. Understand if there are any changes to product-specific regulations, such as for cosmetics or plant products.
8. Engage a customs representative if you are planning on using one. If not, follow steps 9, 10 and 11
Alternatively, if you are planning to make your own customs declarations, make sure you:
9. Are familiar with new import and export regulations.
10. Are registered on the CHIEF system.
11. Have set up a duty deferment account.
Discover more Brexit guidance here:
- Business after Brexit: auditing your supply chain
- Business after Brexit: 5 things you need to know about new import rules
- Business after Brexit: applying for an EORI number
- Business after Brexit: understanding tax and tariffs
- Business after Brexit: licensing and certifications for plants and plant products
- Business after Brexit: exporting to the EU
- Business after Brexit: understanding customs