As the UK embarks on its new start as an independent trading nation, Business Minister Paul Scully has set out six key actions businesses must take to ensure they can seize all the opportunities on the horizon.
The zero tariff, zero quota trade deal the UK has struck with the European Union will help unlock investment and protect jobs across the United Kingdom and will allow businesses to benefit from new trade deals with partners all around the world.
However, there are a range of actions businesses must take in order to take advantage of these opportunities outside the customs union and single market. Today, Minister Scully is urging businesses who have not yet taken steps to prepare for the UK’s new start to act now to avoid any potential disruption to their operations.
Business Minister Paul Scully said:
The UK is finally out of the EU single market and customs union, and business is changing.
Many businesses have made great strides to get ready for the UK’s new start, but we know some are further behind. To avoid any potential disruption to your business, you must not delay – make your final preparations now.
The government will be here to help businesses navigate this change. You can use this checklist, watch our on demand videos, or visit gov.uk/transition to get personalised advice.
The six key actions many firms may need to take are:
These six key actions should act as a guide for every business affected by the new rules, with more detailed, personalised advice available through the checker tool on gov.uk/transition.
To further support firms, today (Monday 18 January), the Business Department has launched a series of new, on demand videos to help businesses familiarise themselves with the new rules, which will be available via gov.uk/transition. Topics include importing and exporting, trade, data, and audit and accounting.
Businesses can select which videos to view from the list, or can choose their sector and see videos that are recommended for them.
Many actions related to EU exit needed to have been taken regardless of the outcome of negotiations, and are therefore unaffected by the trade deal the UK has negotiated with the EU. However, in some areas, such as tariffs and audit and accounting, there is new guidance that businesses will need to familiarise themselves with.
The Business Support Helpline (0800 098 1098) is a free service operating across England. It can provide information on a wide range of business issues, including starting up, business continuity, growth and access to finance, including the range of business support available from Government. Similar services are available in Northern Ireland, Scotland and Wales.