The government has launched its latest awareness campaign in the lead-up to the UK leaving the single market on January 1st, urging businesses to make sure they’re ready for the changes that are being introduced in just over eight weeks’ time.
The Time Is Running Out campaign aims to make sure that companies aren’t caught out by the new rules coming in, with HMRC also writing to 200,000 traders dealing with the EU to detail the new customs and tax rules that will be coming into force, as well as how to deal with them.
The Border Operating Model has already been published, clarifying what traders need to do to prepare for the incoming rules, while £705 million of investment in jobs, infrastructure and technology at the border has been released, and £84 million has been provided in grants to build the customs intermediary sector.
Action that businesses need to take now includes preparing for new customs procedures, checking to see if you need a work permit or visa if you travel to the EU for work and preparing your business for the new immigration system if you employ overseas nationals.
Alok Sharma, business secretary, said: “With just 75 days until the end of the transition period, businesses must act now to ensure they are ready for the UK’s new start as an independent trading nation once more. There will be no extension to the transition period, so there is no time to waste.”
Brexit negotiations are expected to resume in the next few days, with the Confederation of British Industry and BusinessEurope issuing a joint statement calling on the government and the European Commission to come up with a deal.
Are you looking for accountants in Buckinghamshire at the moment? Get in touch with Another Answer today.