EU Post-Transition Business Resource Hub
London will always remain open to the world – we can’t imagine it any other way. But we know that preparing your business for the impact of leaving the EU may not feel so clear cut. The UK has now officially left the EU at 23.00 on 31 December 2020 and since the EU-UK Trade and Cooperation Agreement has been agreed on 24 December 2020 and came into force on 31 December 2020, it provides some clarity to businesses on their future relationship with the EU and a more stable start to 2021.
To help you understand what the deal means for your business, we have pulled together everything we currently know about the issues covered by the trade deal, which may affect your business. This includes a range of bespoke guides that we have produced in partnership with some of the UK’s leading EU experts.
We know that businesses want to hear from other businesses about how they have prepared for the end of the transition period. So we’ve launched a brand new podcast series to do just that – businesses like yours talking about the challenges and opportunities they are facing. You can download the first podcast now, where we’re asking how UK businesses can continue to employ talented people from the EU.
If your business needs additional support to adjust to the new rules, you can book an appointment with one of our EU post-transition advisers here.
UK and EU trade deal takes effect
On 24 December, the UK and the EU agreed a post-Brexit trade deal, which came into force at 11pm on 31 December 2020 . The deal covers a wide range of issues, including:
- Arrangements for free trade without tariffs or quotas.
- An economic and social partnership covering a range of topics including aviation, road transport, energy, climate change and fisheries.
- Cooperation in the field of research and innovation.
- A minimum level of environmental, labour and social standards which the EU and UK must not go below.
- Travelling to the EU for work.
New rules for businesses and trade came into force in the UK on 1 January 2021. Visit GOV.UK/transition to use the Government’s checker tool to receive a personalised list of actions for you and your business to take now.
You can also browse London Business Hub’s library of practical guides and resources to help you understand the changes for your business.
EU Post-Transition Advisers
Access support from our post-transition advisers
Moving into the post-transition period, London businesses will need to make changes to accommodate the new rules.
To support the capital’s businesses, the London Business Hub is delivering tailored support, including a new one-to-one service with dedicated specialist post-transition business advisers.
London Business Hub resources
London Business Hub webinars
Doing Business in the EU: The New Landscape
- Hear the latest updates and guidance from our expert speakers.
- Learn about the new HR, visa and employment regulations.
- Discover how leaving the EU affects your GDPR and data sharing.
- Learn how to secure your IP.
- Find out how your business practices may need to change.
- Gain insights on changes to business travel to and from the EU.
- Address pain points with live speaker Q&A.
- Be based in London.
- Be registered in the UK.
- Meets the SMEs (small and medium-sized enterprises) criteria according to the European SME definition.
- Is not “Undertaking in Difficulty” as of 31 December 2019. Please see the definition here.
- Has not received more than €200,000 in public funds over the last 3 fiscal years.
Date: Wednesday 24 February 2021
Time: 10:00am – 4:30pm
The end of the EU exit transition period: what does it mean for London businesses?
The EU exit transition period ended on 31 December, bringing changes for businesses of all sizes and across all sectors. Join Michael Large from Colman Coyle in this brief overview of the key things businesses should do now to stay resilient and navigate these changes.
Simple guides to post-transition period and post-Brexit trade deal for businesses
The UK has now officially left the EU and since the EU-UK Trade and Cooperation Agreement has been agreed on 24 December 2020 and came into force on 31 December 2020,. it is going to affect you and your business. It is up to you to take action now to prepare for it, if you have not already. A new post-Brexit trade deal introduces big changes for business.
These Guides will give you the basics for Everything You Need To Know About…
- Trade legally with the EU following the enforcement of the Free Trade Agreement
- Comply with trade in goods and services provisions under the Free Trade Agreement
- Tax and tariffs under the Free Trade Agreement
- Intellectual Property (IP) and EU Data
- Travelling to and from the EU
Each Guide explains what is happening in the relevant area and gives you a quick checklist of things you will need to know, and do.
There is also a Glossary of Terms explaining the meaning of the various phrases and abbreviations. These are in alphabetical order.
- These Guides are for general information only and are not a substitute for specific legal or other advice. Where necessary, you should seek advice from a suitably qualified professional, or contact the relevant regulator or government body.
- The GLA cannot accept any liability arising from any action or failure to act on the basis of the information in these Guides.
London Business Hub guides to the post-Brexit trade deal
We have worked with a range of EU experts to develop a series of guides to help you review what decisions have already been made about our future relationship with the EU, what is changing, as a result of the post-Brexit trade deal and how those changes might affect your business. Find out what you can do to prepare your business to operate in the post-Brexit trade deal environment:
- What Does It Mean to Be Outside the EU?
- What does the post-Brexit free trade deal mean for businesses?
- Preparing for a New Post-Brexit Commercial Environment
- Human Resources (HR)
- General Data Protection Regulation
- Working in the UK for EU Citizens
- Mobility Post-Transition
- Trade in Digital Services
- Trade in Goods
- Trade in Services
We have also developed a series of guides to support businesses operating in the following sectors:
Brexit blogs from London Business Hub
London Business Hub 'Brexit Ready' podcast series
We know that businesses want to hear from other businesses about how they have prepared for the end of the transition period. So we’ve launched a brand new podcast series to do just that – businesses like yours talking about the challenges and opportunities they are facing.
External resources and support
Events and webinars
UK Government webinars
The end of the transition period on 31 December means changes for how businesses trade and operate. The UK Government is running a series of webinars to help businesses across a range of sectors understand the changes that came into force from 1 January 2021.
You can also browse London Business Hub’s library of upcoming EU post-transition events here.
New rules for business are here
Doing business with Europe has changed. Businesses will need to follow new rules on issues including exports, imports, tariffs, data, working in the EU and hiring.
Head to GOV.UK/transition to use the checker tool to receive a personalised list of actions for you and your business to take now to prepare.
You can also find information and advice about trading internationally (outside of the EU) at great.gov.uk.
Support for your business
Business organisations across the UK have published a wide range of resources to help business navigate any changes as a result of the end of the transition period, including:
- The EU Exit Hub from London Chamber of Commerce and Industry provides advice to help businesses prepare for the end of the transition period.
- Practical guides from the ICAEW.
- Planning guides from the Institute of Directors.
- Checklist from the British Chambers of Commerce.
- Guidance for SMEs on access to finance after the UK leaves the EU.
- Podcast from the British Educational Suppliers Association.
Employing and managing staff
Useful government resources to help businesses understand the implications of leaving the EU on employing and managing staff include:
- The Settled Status Scheme – EU citizens and their family members who have lived and worked in the UK before 31 December 2020 need to apply to receive a new immigration system in order to continue to live and work in the UK after Brexit.
- Home Office guidance for EU, EEA and Swiss frontier workers who want to continue working in the UK.
- The UK’s Points-based Immigration System: An introduction for employers.
- Home Office podcast on the new points-based immigration system.
- Home Office factsheet for employers about immigration rules in 2021.
- An employer’s guide to becoming a licensed sponsor of skilled migrant workers.
Support for importers and exporters
There is a wide range of support and guidance available to help businesses understand changes to import and export, including:
- The EORI Mythbuster guide which helps businesses understand if they need an EORI number.
- The UK Government has published a checklist for businesses that buy from or sell to the EU.
- The UK Government has published guidance about how to export into the EU through roll on roll of (RoRo) locations after the UK leaves the EU.
- Guidance from the British Chambers of Commerce about how to apply for an EORI number.
- Informative videos from the Department for International Trade to help importers/exporters understand the impact of leaving the EU.
- HMRC has published guidance about changes to how exporters export and declare excise goods such as alcohol and tobacco.
The Information Commissioner’s Office (ICO) has published a range of resources to help businesses understand the impact of the end of the transition period on data flows and data protection. Guidance covers a range of topics including:
- How to keep data flowing.
- How personal data will continue to flow now the transition period has ended.
- Changes to data protection.
Intellectual property (IP)
Changes to intellectual property
Changes to how the intellectual property (IP) system and the Intellectual Property Office (IPO) operate came into force from 1 January 2021. These changes affect:
You can find out more information about all of these changes here.
You can also take the following steps to prepare:
- Consider carefully where to disclose your designs to ensure they have adequate protection in their most important market;
- If you export IP-protected goods on the secondary or parallel market, contact the rights holder in the EEA to see if you have permission to continue to parallel export.
- Consider if you want exports to continue if you are a business that owns the IP rights for goods currently parallel exported from the UK to the EEA.
If you do not take action, there is a risk your business operations will be interrupted. You can find out what other actions you may need to take by using the checker tool at gov.uk/transition and signing up for business readiness updates.
IP rules during the transition period
The following resources provide advice on IP rules during the transition period.
The UK’s new tariff regime
The UK’s new tariff regime, the UK Global Tariff (UKGT), came into force on 1 January 2021, replacing the EU’s Common External Tariff (CET) at the end of the transition period. It applies to imports coming into the UK from countries we do not have a trade agreement or other preferential arrangements with.
The new tariff is tailored to the needs of the UK economy. It will support the country by making it easier and cheaper for businesses to import goods from overseas from 1 January 2021.
Read more about the UKGT at www.gov.uk/government/news/uk-global-tariff-backs-uk-businesses-and-consumers.
Action checklists for business
The UK Government has published a series of checklists to support businesses in the following sectors to continue to operate and trade now that the transition period has ended:
- Consumer goods
- Electronics and machinery
- Life sciences
- Metals and materials
- Services and investment
The Government has also published a general checklist for businesses in all sectors.
Supplying the public sector
The way that opportunities to supply the UK public sector are advertised has changed. Since 23:00 on 31 December 2020, information on public sector contract opportunities in the UK is published on the new Find a Tender Service (FTS):
- FTS is free to use and replaces the role of Tenders Electronic Daily, the Official Journal of the EU (OJEU/TED) for procurements in the UK.
- FTS will work alongside existing procurement portals such as Contracts Finder, MOD Defence Contracts Online, Public Contracts Scotland, Sell2Wales and eTendersNI which can be used to access a wide range of opportunities to supply the public sector.
- Existing Contracts Finder account holders will be able to use the same login credentials for Find a Tender. You can register now.
- The UK Government has published guidance to help the health and care sector understand the impact of the end of the transition period on 31 December 2020.
- Make UK have developed a toolkit to help manufacturers respond to the impact of leaving the EU.
Food and drink
- The Food Standards Agency has published guidance about exporting GM food products from 1 January 2021.
- The UK Government has published guidance about how to export fish for human consumption from 1 January 2021.
- The Government has published guidance about how food and drink producers, manufacturers, retailers and suppliers must change labels from 1 January 2021.
- The Government has published guidance on the system for recognition of architects with an approved qualification from a European Economic Area (EEA) state or Switzerland from 1 January 2021.
- The Government has published guidance about the rules that apply to buying and selling timber and timber products from 1 January 2021.
Press releases and articles
- People urged to apply to the EU Settlement Scheme (21 January 2021)
With less than six months to go before the EU Settlement Scheme’s application deadline of 30 June 2021, European citizens are being urged to apply now to secure their rights in UK law.
- Act now to keep your business moving in 2021, Business Minister urges (18 January 2021)
As the UK embarks on its new start as an independent trading nation, Business Minister Paul Scully has set out six key actions businesses must take to ensure they can seize all the opportunities on the horizon.
- Guidance published to support business following deal with European Union (14 January 2021)
The Office for Product Safety and Standards is publishing guidance to help businesses comply with changed regulations.
- UK and EU agree trade deal (24 December 2020)
The UK and the EU have agreed a post-Brexit trade deal ahead of the end of the transition period on 31 December 2020.
- UK Internal Market Bill becomes law (17 December 2020)
The UK Internal Market Act – which has received Royal Assent – will protect businesses, jobs and livelihoods by ensuring there are not harmful new barriers to trade between all parts of the UK.
- UK Trader Scheme launched to support businesses moving goods from Great Britain to Northern Ireland (15 December 2020)
Businesses urged to consider what they need to do before their first movement of goods after 1 January 2021.
- HMRC urges businesses to act now to avoid delays (10 December 2020)
Everyone in the UK who trades with Europe or under the Northern Ireland Protocol will be affected by new customs and tax rules from 1 January 2021.
- Points-based immigration system opens (1 December 2020)
Applications for the new skilled worker visa open today (1 December), meaning the brightest and the best from around the world can now apply to work in the UK from 1 January 2021.
- Readiness webinars prompt businesses to take action for end of transition period (30 October 2020)
With just 63 days to go till the UK begins its new start outside of the EU single market and customs union, the Business Secretary Alok Sharma is encouraging businesses across the UK to sign themselves up for a webinar to help them prepare for the changes and opportunities ahead.
- Government steps up plans to keep trade flowing at the end of the transition period (22 October 2020)
The Government has announced a series of measures to help keep trade flowing by minimising the risk of disruption at the end of the transition period.
- Time is running out for businesses to prepare (18 October 2020)
The Government has urged business leaders to step up preparations for new arrangements from 1 January and launches ‘time is running out’ campaign.
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