Helping you prepare

As we move closer to Brexit day on 31 January momentum continues to build with MPs in the Commons approving PM Johnson’s Withdrawal Agreement Bill. In the course of Brexit this is the closest we have come to any form of parliamentary consensus. Pending any changes from the House of Lords and subsequent ratification by the EU Parliament, the UK looks set to remain on course to formally leave the EU on 31 January.

Find our more about the immediate next stages in our latest Brexit blog.

What does this mean for business?

Whilst it appears less likely, our recommendation is to continue preparations for a no-deal Brexit. The transition period through to 31 December 2020 is there to give time for the EU and UK to negotiate and agree their future relationship after the UK leaves the EU on 31 January 2020, including a trade deal. Earlier this week the new European Commission president said that it would be impossible to negotiate a comprehensive trade deal by the end of 2020. Meanwhile Boris Johnson is sticking to his timetable and saying that there will be no extension to the 31 December 2020 deadline.

HMRC continue to provide updates as events progress and you can keep up to date at gov.uk/Brexit.

Key reads

The impact on employees in the UK and abroad - Julie Buchanan explores the Brexit impact on employees and why awareness and planning are essential to mitigate future issues. Read more.

Importing and exporting goods – what impact could no-deal have on your trading operations? Nigel Roberts reminds us what preparations to make. Read more.

Do you have a UK EORI number? – find out why this is important in the event of a no deal outcome and how it will allow for smoother import/export operations. Read more.

Settled status - the application process for settled status is now open. Read more.

Your planning tool - establishing a view on the risks and opportunities Brexit poses to your organisation is a good way of kick-starting the process. To assist with this, we've created a Brexit planning tool. Download your copy of the planner by clicking on the button below.

Our dedicated Brexit team

At Johnston Carmichael we have a dedicated Brexit team who are on hand to help you with the scenario planning for your business, making sure you're prepared, whatever the outcome. Our multi-skilled team are uniquely placed to businesses in the private, public and third sectors understand and address any Brexit queries as they arise.


Susie Walker

Partner & Head of Tax

Susie Walker

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Nigel Roberts

VAT Director and Head of VAT & Duty

Nigel Roberts

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Brian Rudkin

Director and Head of Employer Services

Brian Rudkin

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Stuart Thomson

Corporate Tax Director

Stuart Thomson

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Julie Buchanan

Employer Services Director

Julie Buchanan

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Additional insight

How will Brexit impact your personal finances and business? Our team have shared their insight.

Your personal finances

Agriculture & Fishing

Food & Drink

VAT

The legislative journey so far

 

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