Prepare for the consequences
The EU and the UK have so far failed to agree on a free trade agreement. Whether they will reach agreement at the last minute and what the final outcome of the negotiations will be cannot be predicted. But whatever the outcome, the UK will become a third country to the EU as of 1 January 2021, resulting in significant changes for business.
Regardless of the final outcome of the negotiations, there are a number of measures you can take now to ensure that your business is ready for Brexit, especially if you are involved in cross-border trade.
It is crucial to (re)assess whether your business is ready for the consequences once the transition period ends. You will need to implement your post-Brexit strategy for all areas of your business that are at risk of being disrupted: supply chain, finance, tax, compliance, governance, IT, HR, legal, business operations and more.
Are you fully prepared for all additional formal requirements and costs as a result of Brexit?
While there’s still uncertainty around the final outcome of the new trade relationship post Brexit, there are a set of actions that you can take now to make sure that your business is ready. Our multidisciplinary team of tax, customs, legal, HR specialists is here for you, ready to help you with:
PwC's multidisciplinary team of Brexit experts is ready to prepare you and your company for Brexit. We are happy to help you!
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