The BCC’s guide to the UK leaving the EU
Based on feedback from our members, we are aware that there is a significant amount of uncertainty regarding the UK leaving the EU in terms of how businesses will be affected. This site, which we have prepared in conjunction with our partners, will reflect the Brexit developments and provide you with the most up-to-date and relevant information.
Brexit useful links – a collected range of sources you can go to for more relevant information.
If you require any further information or need assistance, feel free to contact us.
Partners of the project:
CFOs are intensifying their focus on cost control, with 58% saying it is a strong priority for the next 12 months, according to Deloitte’s latest CFO Survey. This is the highest level for ten years. Almost two-thirds of CFOs (65%) say their business faces high or very high levels of external financial and economic uncertainty, with just 7% saying now is a good time to take risk onto their balance sheets.
The current political landscape means that uncertainty as to the nature of the UK’s withdrawal from the EU continues. It remains a possibility that the UK will leave the EU on 31 October 2019 without a deal – a so-called “no-deal Brexit”. A no-deal Brexit will mean that the UK will not be a Member State of the EU and that Union law will not be applicable in the UK.
The divorce battle between the United Kingdom and the European Union is in
full swing and the result is still unclear. Several possibilities exist as to the timeframe and the ultimate setup of the relations between the United Kingdom and the EU.
At the end of July we published a paper looking at the options available to Members of the UK Parliament (MPs) should they seek to prevent a no-deal Brexit on 31 October 2019. We discussed the scope for Parliamentary motions, amendments to existing legislation, the passing of new legislation and the “nuclear option” of a vote of no confidence (VONC).
The Roll-on Roll-off (RoRo) environment is key to UK-EU trade. Locations that support RoRo freight movements carry their own unique challenges including short crossing times, the onsite capacity required for physical intervention, and volume of freight flowing through the ports or tunnel. We will continue to work with business to help you meet compliance requirements, and there will be a number of easements in place for RoRo movements for the period following EU Exit, in order to give business more time to prepare for changes to EU-UK trade.
A reflection on the current state of play regarding how EEA firms can provide financial services into the UK post-Brexit
On 11 April 2019, politicians kicked the possibility of a cliff edge Brexit into the (relatively) long grass but with UK politics still deeply divided, a leadership contest for the next prime minister underway and the Irish backstop still unresolved, it is unlikely that clarity on the Brexit saga will be forthcoming any time before 31 October 2019.
Brexit – English law and courts: Update on the UK’s ratification of the Hague Convention on Choice of Court Agreements
The Hague Convention is an international convention which requires Contracting State courts (including all EU Member State courts) to respect exclusive jurisdiction clauses in favour of other Contracting State courts and to enforce related judgments. The UK is currently party to the Hague Convention in its capacity as an EU Member State.
In the event of the UK leaving the EU with or without a deal, how are IP rights affected and what should clients do to ensure there is no loss of protection.
Almost half of small and mid-sized companies from the Czech Republic have a plan ready for the next steps to be taken in connection with the departure of the UK from the European Union. Already, 28% of these companies have experienced a decrease in orders or revenues as a result of the volatile situation and circumstances surrounding Brexit. Indirect influence, for example, in the form of extra administrative costs or adjustments made to contractual terms and conditions, has been recorded by four out of ten companies. These results came from a recent survey conducted by the British Chamber of Commerce and Bibby Financial Services amongst companies doing business with the UK.
The program focuses on the areas of VAT, toll and logistics, corporate taxes, access to the job market, legal connections and the impact on the contract agenda.
The event already took place in past but you can learn about the content from attached file
More than two months after the EU Commission and the UK Government announced that they had reached political agreement as to the terms of the UK’s withdrawal from the EU, the question of whether the UK will leave the EU pursuant to a withdrawal agreement or otherwise is more uncertain than ever before.
Deloitte: What impact will Brexit have on your company? Are you ready for “no deal”? The “D” day is nigh!
On 7 February 2019 Deloitte discussed possible outcomes of different Brexit scenarios for businesses, including practical examples. Their experts looked at legal business challenges, tax impact, customs consequences and more.
The seminar already took place in past but you can learn about the content HERE.
If Parliament votes down the deal, a number of scenarios could arise. Whilst not inevitable, one of these scenarios is that the UK will leave the EU on 29 March 2019 without a deal – a so-called “hard Brexit”. A hard Brexit will mean that the UK will not be a Member State of the EU and that Union law will not be applicable in the UK.