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Preparing for Brexit

From Brexit planning to managing the Brexit transition, we’re here to help.

Follow our five essential steps to prepare your business for Brexit

The UK left the EU on 31 January 2020 and the Brexit transition period will end on 1 January 2021. Follow our five key steps to help you prepare for Brexit, and help get your business ready for a new trading relationship.

  • 1 - Supply Chain

    Firstly, understand your trade flows and map your supply chain. Speak to your suppliers about their post-transition period arrangments, and familiarise yourself with Incoterms (International Commercial Terms).

    Consider the impact of change in the exchange rate and supplier payment schedules, and make sure you review your contracts to protect your supply chain.

  • 2 - Customs

    You’ll need to register for an EORI Number. You can do that here for Ireland or here for Northern Ireland. You’ll also need to identify your Commodity Code, which you can do using our guide. Understand your trade flows and identify your customs requirements. Find out what’s needed to complete customs formalities and decide who will complete them.

    Finally, study the Brexit Readiness Checklist if you’re based in Ireland. Or if you’re based in Northern Ireland you can access key actions via UK Gov Transition Site and register for the Trader Support Service.

  • 3 - People

    Make sure you’re clear about how the EU Settlement Scheme affects you, your business and your employees. Our Guide to People tells you all you need to know. You’ll also find details on the post-Brexit immigration scheme, salary caps, what’s changing in 2021 and more.

  • 4 - Data

    If your business involves the transfer of Personal Data across the border, you’ll need to ensure sufficient safeguards are in place so you can continue to transfer data after the transition period. This may include introducing Standard Contractual Clauses (SCCs) to your data arrangements.

  • 5 - Updates

    You’ll need to stay up to speed as changes emerge during the transition period. We’re continually updating our information as the negotiations continue, and you can register for our updates here.

We’re here to help

Got a question? Get in touch using the contact details below or
find out more about InterTradeIreland.

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