The UK has left the EU.
There is now a transition period until the end of 2020 while the UK and EU negotiate additional arrangements. The current rules on trade, travel, and business for the UK and EU will continue to apply during the transition period.
In preparation, the following points must be considered:
- There will be changes to UK-EU trade at the UK border including on customs, tariffs and VAT.
- Companies will need a UK Economic Operator Registration and Identification Number to continue to trade with the EU.
- Companies selling manufactured goods will need to check regulatory requirements and comply with new rules on labelling, approvals and testing.
- New rules including visa regulations if providing services or operating in the EU around branches/subsidiaries, planning a merger with an EU company, have employees who travel to EU/EEA countries or Switzerland for business or providing services in a regulated profession.
- There will be changes on how send and receive personal data from international partners, including in the EEA.
- Bedford Borough companies will still be able to employ EU citizens as they currently do and are required to conduct the same right to work, checks.
- EU, EEA and Swiss citizens should apply to continue to work in the UK under the EU settlement scheme.
- There may be changes for Bedford Borough companies who hold intellectual property, affecting copyright, patents, designs and trademarks.
Companies are advised to consult the check how to get ready for new rules in 2021 page on how to best to prepare, be informed and receive updates.
SEMLEP’s Growth Hub also provides resources to help local business prepare for EU exit. It is hosting a series of webinars over the next few months to help businesses through the early days of the new system.
Please check the schedule to see what is available.