Brexit may result in business conditions and business life being transformed for years to come. Moreover, the details of these transformations are currently an unknown, and will potentially remain so up to the Brexit deadline.
Our Brexit Support programme focuses on mobilising businesses so that they are better prepared for the change that Brexit will create. That may mean requiring a simple recalibration of operations after Brexit occurs, or it may mean a fundamental remodelling in order to contend with the effects of Brexit. Our support programme intends to cover all eventualities.
The Chamber’s comprehensive Brexit Support Programme assists businesses to ensure they are better prepared for the change that Brexit will undoubtedly bring.
Listed below is regularly updated information, tools, and advice for you to consider and implement depending on your business needs and requirements.
The Chamber’s Business Brexit Checklist has been updated following the Government’s publication of its EU Settlement Scheme employers’ and employees’ ‘toolkit’.
This checklist has been created to help businesses consider the changes that Brexit may bring to your firm, and to help business planning at both operational and Board levels. Download the latest (Nov 2018) Brexit Checklist
20 unanswered questions sent to Government
The Chamber has asked Government 20 questions about trading in a post-Brexit economy. It says the questions are vital and that businesses are being 'hung out to dry' because they don't have answers. The questions can be viewed here.
Brexit Support Events and Training Programme
The Chamber runs a varied, diverse and extensive range of business training programmes and events, which take place throughout the year across Derbyshire, Nottinghamshire and Leicestershire.
With Brexit firmly embedded into the thinking of businesses, the Chamber has adapted its training and events programme accordingly to remain current and of maximum value to businesses. This is taking the form of dedicated Brexit programmes and events, and may mean in the future adding Brexit-relevant elements to existing models, such as International Trade courses.
To find out more about these much-valued programmes, please contact email@example.com or firstname.lastname@example.org.
Potential impacts on sterling
Foreign exchange specialist Moneycorp has published an infographic showing four potential outcomes that could affect sterling if Parliament ultimately rejects the Brexit Withdrawal Agreement.
According to the provider of the Chamber’s foreign exchange service for members, the potential outcomes of no agreement are a General Election, a second referendum, leaving without a deal or an extension to the 29 March deadline.
Brexit Withdrawal Agreement explained
The British Chambers of Commerce has published (16 Nov 2018) a frequently asked questions (FAQ's ) about the Brexit Withdrawal Agreement announced by Theresa May, the UK's Prime Minister on Thursday 15 November. Please download a copy here.
DIT publishes video summaries of Withdrawal Agreement
The Department for International Trade has published a series of 60-second videos setting out the positive aspects of what the Withdrawal Agreement means for UK businesses.
Available on line, the six videos include an overview and then focus on five main topics:
- Jobs and the economy
- Free trade
- Small businesses
- Our borders and future migration.
While not endorsing the political messages in the videos nor in the text introducing them, the Chamber would encourage anyone wanting a summary of the headlines of the Withdrawal Agreement to watch the videos.
The videos can be found at https://brexitdealexplained.campaign.gov.uk/
No deal customs guidance
HMRC recently published guidance on how businesses that currently trade with the EU should prepare for the possibility of a no deal Brexit. The British Chambers of Commerce (BCC) team have put together a two-pager that explains the guidance in clear and simple steps. Please download this guidance here.
HMRC writes to all UK and NI firms trading only with EU
Her Majesty’s Revenue and Customs has written to every VAT-registered business in the UK and Northern Ireland that trades only with the EU explaining changes to customs, excise and VAT if the UK leaves the EU without a deal in March.
The letter is a follow up to a letter sent in September that warned of potential immediate changes.
If trade is across the Irish border only, then no immediate action is needed.
However, companies that trade directly with other parts of the EU must do three things now, HMRC says. They are:
- Register for a UK Economic Operator Registration and Identification (EORI) number at www.gov.uk/hmrc/get-eori to continue to import or export goods with the EU
- Decide if you want to hire an agent to make import and/or export declarations for you or if you want to make these declarations yourself (by buying software that interacts with HMRC’s systems). If you want to:
- declare through an agent, contact one to find out what information they’ll need from you
- use software to make declarations yourself, talk to a software provider to make sure that their product meets your needs, depending on whether you import, export or both.
- Contact the organisation that moves your goods (for example, a haulage firm) to find out if you need to supply additional information to them so that they can make the safety and security declarations for your goods, or whether you will need to submit these declarations yourself.
If you are trading only with the EU and have not received a letter from HMRC you can see them at https://www.gov.uk/government/publications/no-deal-brexit-advice-for-businesses-only-trading-with-the-eu.
HMRC publishes 'no-deal' Brexit help pack
Her Majesty's Revenue and Customs has published its partnership pack on preparing for a 'no-deal' Brexit.
The pack of 24 documents is intended to provide stakeholders and intermediaries working with businesses with a high level guide to customs processes that will apply in a 'no-dea'l scenario.
Brexit Advisory Group
The Chamber’s dedicated Brexit Advisory Group informs our service delivery to best support East Midlands businesses in responding to the challenges and opportunities that Brexit will undoubtedly bring.
It also plays an important role in helping to refine and deliver our lobbying messages to Government and other stakeholders. Formed from the existing Chamber International Steering Forum, the group meets up to six times per year and brings together some of the region’s leading thinkers and business professionals – including Chamber strategic partners Morningside Pharmaceuticals and RSM.
Shaping a Great Future
The continued involvement of our region’s businesses is essential to ensuring that, together, we shape a great future, maximise all the opportunities that will come from our withdrawal from the EU and ensure that we recognise and avoid the potential pitfalls along the way.
The Chamber led a delegation of leading regional businesses to Westminster to launch an eight-page report setting out what business wants from Brexit.
The report is called Shaping a Great Future: Leading Balanced and Sustainable Growth in a Post-Brexit Economy and can be downloaded here.
Brexit Helpline - FREE Advice
The Chamber has partnered with law firm Eversheds to offer a dedicated and exclusive Brexit helpline to its members. While the Chamber’s coverage of Brexit is wide-reaching and comprehensive, sometimes specific issues come up that require an immediate, bespoke response from an expert.
That’s why the Chamber has joined forces with Eversheds, giving members the opportunity to call a local rate number - 0333 456 0480 – which will allow members one hour’s free over-the-phone advice by an expert from the Eversheds legal team, giving you an instant response to your Brexit-related query.