EU 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 the end of the EU transition period on 31 December 2020 may not feel so clear cut.
To put your mind at ease in terms of the immediate future: whilst the UK and EU negotiate future arrangements, a transition period will run through to the end of 2020. During that time, current rules on trade, travel and business for the UK and EU will continue to apply.
The transition period will be coming to an end soon.
That’s why we have pulled together everything we know about what you can do now to prepare for the end of the transition on 31 December 2020. 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 are getting ready for the end of the transition period. So we’re launching 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 EU talent. Journalist Nick Wallis is joined by Sir William Sargent of visual effects company Framestore and immigration lawyer Sacha Schoenfeld. Together, they try to find some answers.
London Business Hub resources
London Business Hub - EU Transition webinar
London Business Hub webinar – “The end of the EU transition period – What does this mean for London businesses?”
Businesses should act now to start preparing for the new trading rules that will be in effect from January 2021. This virtual free event, hosted by the London Business Hub, is designed to guide businesses across four key main areas:
- Employing EU nationals in the UK, or Employing UK nationals in your European Office – Learn how to support your staff and encourage them to take action.
- Trading with EU companies, the UK Global Tariff, imports and exports – Learn how to identify which of these changes are most relevant for your business and/or your supply
- Intellectual Property (IP) and EU Data – Discover how to secure your IP and how your business practices may need to change.
- Travelling to and from the EU – Explore the key steps you need to take and how you can support your staff or business partners.
Date: 9 December 2020
Time: 10:00- 11:00
London Business Hub guides to EU Transition
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 and how those changes might affect your business. Find out what you can do to prepare your business for the end of the transition period:
- What Does It Mean to Be Outside the EU?
- Preparing for a New 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:
London Business Hub 'Brexit Ready' podcast series
We know that businesses want to hear from other businesses about how they are getting ready 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 from the UK Government
The UK has left the EU and is leaving the EU single market and customs union. The end of the transition period will affect how businesses trade and operate. The UK Government is running a series of webinars to help businesses across a range of sectors prepare for 1 January 2021.
Preparing for the end of the transition period
The UK has left the EU and is currently in the transition period that will end on 31 December 2020. Businesses should take action now to start preparing for the new trading rules that will be in effect from January 2021.
There are concrete steps you can take to minimise disruption and to take advantage of new opportunities.
To help you get going, here are three things you can do:
- 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.
- Sign up to government email alerts to stay up to date with any further changes.
- Plan ahead and take the steps needed to complete your actions and prepare your business for the new trading rules.
If you have any questions about preparing for the end of the transition period and you can’t find answers at GOV.UK/transition, you can fill out an enquiry form to get support from the Department for International Trade.
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 prepare for and navigate any changes as a result of the UK leaving the EU, 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 resources to help businesses understand the implications of leaving the EU on employing and managing staff include:
Support for importers and exporters
There is a wide range of support and guidance available to help importers and exporters take steps to prepare for leaving the EU and the end of the transition period. Useful resources include:
- 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 leaving the EU on data flows and data protection. Guidance covers a range of topics including:
- How to keep data flowing after the end of the transition period.
- How will personal data continue to flow after the end of the transition period
- Changes to data protection.
Intellectual property (IP)
Intellectual property rules are changing
There will be changes to how the Intellectual Property (IP) system and the Intellectual Property Office (IPO) will operate from 1 January 2021. These changes will affect:
You can find out more information about all of these changes in this news story from the IPO.
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.
Leaving the EU - the transition period
In July 2020, the UK Government launched a major new Transition public information campaign called “The UK’s new start: let’s get going” to give everyone the facts that they will need to be ready for 1 January 2021. A straightforward checker tool at gov.uk/transition will quickly identify the specific steps any business or individual needs to take to be ready.
The Government has also announced:
Leaving the EU - tariff regime
On 19 May 2020, the UK Government published details of the UK’s new tariff regime, the UK Global Tariff (UKGT). The UKGT will enter into force on 1 January 2021, replacing the EU’s Common External Tariff (CET) at the end of the transition period. It will apply 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.
- The UK Government has published guidance to help the health and care sector prepare 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 to help businesses prepare for the rules that will apply to buying and selling timber and timber products from 1 January 2021.
Press releases and articles
- 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.
- Letters to businesses about new trade arrangements with the EU (18 October 2020)
HMRC has sent letters to VAT-registered businesses trading with the EU to help them prepare for moving goods between Great Britain and the EU from 1 January 2021.
- More than 4 million applications to the EU Settlement Scheme (8 October 2020)
The Home Office has announced that there have been more than four million applications to the EU Settlement Scheme with eight months still to go before the 30 June 2021 deadline.
- Campaign launched to ready businesses for points-based immigration system (30 September 2020)
The nationwide marketing campaign will ensure businesses are ready for the introduction of the system as free movement ends.
- Major new campaign to prepare UK for the end of the transition period (13 July 2020)
The Government has launched a new campaign to help businesses and individuals prepare for the end of the transition period.
- £705 million investment for GB-EU border (12 July 2020)
The Government has announced a £705 million funding package in 2020/21 for border infrastructure, jobs and technology.
- One year left to apply to the EU Settlement Scheme (30 June 2020)
Less than a year now remains before the EU Settlement Scheme application deadline of 30 June 2021.
- More than 3.3m EU and EEA citizens granted right to remain in UK (18 June 2020)
More than 3.3 million EU and European Economic Area citizens have been granted the right to remain in the UK after Brexit.
- Government accelerates border planning for the end of the transition period (12 June 2020)
Border controls for EU goods imported into Great Britain will be introduced at the end of the Transition Period in stages to give businesses affected by COVID-19 more time to prepare.
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