EU Post-Transition Business Resource Hub
The UK-EU Trade and Cooperation Agreement came into force on 31 December 2020 following the end of the transition period. New rules now apply to things like trade, travel and doing business with the EU.
To help you understand what this means for your business, we have pulled together everything we know about the issues covered by the agreement. You’ll find our bespoke guides produced in partnership with some of the UK’s leading experts, along with resources and events to support your business in adapting to the new trading environment. There is also a round-up of what other providers across the capital have on offer.
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.
Listen to our ‘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.
London Business Hub events and resources
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.
Changes to data and intellectual property
The UK is now outside the European Union’s ‘single market’. That means the UK is also outside the single market for data transfers and digital services. Almost all businesses now handle data in some form or another. Even if your main business is not in digital services, you can assume that you will be affected.
This three-minute video will help you understand how to:
- Protect your intellectual property (IP).
- Collect, store and transfer data.
- Check your digital and technology services.
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.
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?
- Preparing for a New Post-Brexit Commercial Environment
- Human Resources (HR): Recruiting Staff From Overseas
- Changes to Regulation
- General Data Protection Regulation and Changes to Data Protection
- 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:
External resources and support
On-demand post-transition videos
The UK Government has published a series of on-demand videos focused on priority topics for business, including:
- Trading with the EU.
- Moving goods between Northern Ireland and Great Britain.
- Importing and exporting goods.
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.
On 11 February 2021, the UK Government announced a new £20 million SME Brexit Support Fund.
The fund will help small and medium-sized businesses adjust to new customs, rules of origin, and VAT rules when trading with the EU.
SMEs who trade only with the EU and are therefore new to importing and exporting processes will be encouraged to apply for grants of up to £2,000 for each trader to pay for practical support including training and professional advice to ensure they can continue trading effectively with the EU. When applications open, these grants will be administered by PricewaterhouseCoopers (PwC).
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.
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:
Rules of Origin concerns where a product was manufactured and determines the ‘economic nationality’ of a good for international trade. Businesses need to know about them because the Trade and Cooperation Agreement means they can trade with the EU without paying tariffs – but only if their product meets the relevant Rules of Origin.
To export tariff-free into the EU traders must check their goods meet the Rules of Origin requirements set out in the Trade and Cooperation Agreement (TCA) and have the right documentation.
You can confirm the requirements for your goods by:
- Checking for details on how to claim preferential (zero) tariffs, and see the documentation you’ll need to complete.
- Reading the full guidance on meeting Rules of Origin when trading with the EU.
- Checking the TCA legal text to see which rules apply to your goods (Chapter 2 as well as Annexes ORIG-1 to ORIG-4 will be most useful).
You can also watch an on-demand video about Rules of Origin from the UK Government.
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.
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 guidance for businesses that buy from or sell to 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.
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.
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.
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.
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.
- 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.
Glossary of Brexit Terms
An overview of common terms to help you prepare for the end of the transition.
Brexit Ready Podcast
Hear from other businesses about how they are getting ready for the end of the transition ...