Preparing for Brexit

 

Brexit is dominating the business agenda as organisations grapple with the impact impending changes will have on our businesses. One thing is certain – we will all be affected to some degree by the departure from the EU. But exactly how it will affect UK businesses is as yet unclear.

Some of the issues to consider include:

  • Movement of goods
  • Business models and contracts
  • People and employment policies
  • Supply chain
  • Taxation (including VAT)
  • Business finances (including currency fluctuation and EU funding)
  • Compliance
  • Legislation

Without a crystal ball – or an agreed deal – we don’t know what the future will hold. However, that doesn’t mean we can’t prepare. Preparation is not just about looking at how different scenarios will affect your business, it’s also about getting your house in order. Being able to control as many variables as you can will strengthen your business’ ability to withstand the challenges and take advantage of any opportunities Brexit Britain will offer.

Take a look at our latest brexit blog, explaining what a 'no deal Brexit' means for VAT.