Short-Term And Long-Term Planning PRiorities For Business

Advice to best plan for Brexit;

Review your supply chain

There will likely be some disruption to the movement of goods into the UK and NI after Brexit. This disruption could be highly damaging to businesses who rely on a continuous supply from the EU and may also incur added production costs through new tariffs.  

Meet new trading standards

In the event of a no-deal Brexit, UK based companies will need an EORI Number (Economic Operator Registration and Identification) in order to trade goods to and from the EU

New Tariffs

Begin researching the additional costs of importing key products and components from the EU and consider investigating potential UK based alternatives

Taxes and Customs

Post-Brexit there will be changes to both taxation and customs for trading with the UK, it is important to ensure that your business is fully compliant with new legislation

Staff

If you employ staff who travel to work in the wider EU, you will need to assess the impact of changes to employment rights.

Robert McConnell, NI Chamber