Brexit Business Checklist

  • Insight

29 November 2019

Whilst political uncertainty around Brexit continues, we have produced a checklist for you to identify the aspects of your business which may be affected by Brexit (in whatever form it ultimately takes). You can download a copy of our Brexit Checklist here and we've summarised the main points below.

Scottish SME's can also apply for a 'Prepare for Brexit' grant of up to £4,000 sponsored by Scottish Enterprise, Business Gateway, Skills Development Scotland and Highlands & Islands Enterprise. Find out more about the grant here.

People

- Do you currently employ EU nationals or likely to seek to recruit EU nationals in the next couple of years?

- Do you or your staff regularly travel to the EU on business?

Read our articles Immigration – are we Brexit ready and Brexit and Employment Law for further information

Place

- Do you operate in (as opposed to export to) other EU countries?

- Do you have business premises in the EU? 

Data

- Do you transfer personal data to or from the EU?

Supply Chain

- Do you import or otherwise rely upon materials, components or consumables (including packaging and labelling) sourced from other EU countries?

- Have you made contingency arrangements (e.g. creating a buffer stock)?

Read our article Just-in-time to prepare for Brexit

Trading: Customs etc

- Have you traded outside the EU before?

- Have you and your staff been trained on trading internationally?

- Are you an Authorised Economic Operator?

Read our article Is Authorised Economic Operator Status key to a smooth Brexit?

Trading: Ability to export

- Do you deal with goods or materials (e.g. plants, timber, GM food or animal products) the movement of which from outside into the EU is subject to restriction?

- Have you reviewed the packaging and labelling requirements for your products post-Brexit?

Intellectual Property / Brand protection

- Do you rely on EU-registered trade marks and designs in the UK?

- Have you considered whether you may need to submit additional trade mark or design filings in the EEA to secure protection?

- Have you reviewed the territorial scope of your IP Licences and future assignations of rights?

Regulatory framework

- Are the regulatory regimes which govern your business derived from EU law?

- Are you regulated by an EU regulator?

Finance

- Do your existing financing arrangements impose any conditions which could be impacted, directly or indirectly by Brexit?

- Have you reviewed your financial model and cash flow with Brexit (and associated contingency planning) in mind – do you need additional funding?

Read our article Brexit – what’s on the horizon for the rural sector?

Contracts

- Have you considered how Brexit may impact on your or your suppliers’ ability to timeously meet contractual obligations?

- Have you reviewed both your supply chain and customer contracts for Brexit issues?

- Are you clear about what will be a Brexit risk

Disputes

- Are you engaged in any form of contractual or regulatory dispute with a European dimension?

Download a printable copy of our checklist here.

If you would like to speak to one of our Brexit experts about your business plans please call Neil Amner our Brexit Lead on 0141 242 7984 or fill in our enquiry form.

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