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Brexit advice for businesses

Brexit advice for businesses – Prepare your business for Brexit

With proper guidance, Brexit advice for businesses, and reports being released every week, it becomes quite tricky and tough for businesses to understand how it will affect their business and how to plan and get prepared for it.

It is necessary for all businesses to take action and to get fully prepared for new rules and regulations. These new rules and regulations are imposed from 1 Jan 2021, and these are imposed on all even if you don’t trade with or are not doing business in the EU.

Brexit advice for businesses

And if you are running a business in Islington or Harrow, and you are in need of employing a lot of people from European Union countries or just need to do import or export of goods and supplies, then there are some additional and rules that need to be followed. So it is essential for you to take action immediately in order to avoid any kind of potential disruption to your business.

Key steps to take now:

Getting an EORI number:

If you are in need of moving goods between Great Britain and the European Union, then you will definitely require an EORI number. Great Britain includes England, Scotland, and Wales. Moreover, for the need of moving goods to or from Northern Ireland, you may also require an EORI number to move goods to and from.

Hiring and reviewing needs:

It is the requirement of reviewing the staff and hiring new one to guarantee that you are all ready for the United Kingdom’s new rules and regulations of immigration for travelling to EEA countries. And if you will hire new staff from the European Union, then they will need to apply first for their settled status. This settled status according to the rules and regulations let them continue their living and working in the UK after 30 June 2021.

Reviewing the supply chain:

Whether you are a buyer or a seller, it is essential for you to understand everything that can affect your business. You should be well-aware and must understand how changes for businesses in your supply chain will affect you.

Brexit advice for businesses

Reviewing your contracts:

It means you should check for the terms that refer to the EU. Also, all those terms that rely on European Union regulation or may be required to review in the light of the UK’s exit from the European Union.

So while taking the Brexit advice for business, you must take care of these steps.

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