Seven things businesses in the EU27 need to know

Posted on Friday 27th July, 2018 by

The United Kingdom (UK) will leave the European Union (EU) on Friday 29 March 2019 at midnight. This is exactly two years after it notified the European Council of its intention to withdraw.

As of 30 March 2019, the UK will be a third country. It is now urgent that businesses in the EU start preparing for the UK’s withdrawal, if they have not yet done so.

1. YOU NEED TO PREPARE FOR 30 MARCH 2019
2. RESPONSIBILITIES IN THE SUPPLY CHAIN
3. CERTIFICATES, LICENSES, AND AUTHORISATIONS
4. CUSTOMS, VAT AND EXCISE
5. RULES OF ORIGIN
6. PROHIBITIONS AND RESTRICTIONS FOR IMPORT/EXPORT OF GOODS
7. TRANSFER OF PERSONAL DATA

CHECK THE EUROPEAN COMMISSION’S PREPAREDNESS NOTICES

Brexit may impact businesses in the EU27 in many other ways too. For example this concerns rules for companies registered solely in the UK but conducting business in the EU27, compliance of goods placed into the EU market, choice of auditors, choice of jurisdiction in contracts, and the recognition of professional qualifications. Check the European Commission’s preparedness notices1 and seek advice if any of these changes may affect your business.

WHERE CAN I FIND MORE INFORMATION AND WHO CAN ASSIST ME?

  • The European Commission’s website has over 60 preparedness notices on a wide range of economic sectors. They are meant to help all market participants prepare.
  • Consult the websites of the European Commission’s departments and agencies active in the area that concerns you and your business.
  • To get additional information and assistance, contact your national authorities, your local Chamber of Commerce and Industry, or your industry association.

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