Preparing for Brexit and Trade in 2021 Part 1

Event Information

In the first of these webinars, we will explore the preparation needed for businesses as we move towards our exit from the EU.

If a new UK-EU trade deal is not agreed, then tariffs and border checks would be applied to UK goods travelling to the EU. The UK would also decide what tariffs and check to impose on EU goods.

Tariffs would make UK goods more expensive and harder to sell in the EU whilst full border checks could cause long delays.

Even if a trade deal is agreed, it would not eliminate all checks – so UK businesses need to prepare.

Brexit is also likely to be a major factor impacting interest rates, foreign exchanges rates and the strength of the UK’s economic growth. What has compounded this threat however is Covid-19. The global impacts are still yet to be felt but with the financial support the government has poured into the economy over the last 10 months, the tax payer will ultimately have to foot the bill. We expect to see increases in capital gains tax, inheritance tax and many other areas of taxation. So we need to prepare for trade in 2021, secure our financial position now and ensure our businesses and personal finances are protected as much as possible.

We will cover;

1. CASHFLOW

2. COMMODITY CODES

3. CLASSIFICATION OF GOODS

4. EORI NUMBERS

5. NEW CUSTOMS PAPERWORK

6. NEW TARIFFS

7. TRADING TERMS

8. TAX, INSURANCE AND VAT

Other key considerations that you need to be aware of include:

TRADE AGREEMENTS

DATA PROTECTION

TRADEMARKS AND IP

CONTRACTS

WORKFORCE

EU TRAVEL

Delivered by the experts from Forrester Boyd Chartered Accountants and Simon Dwyer of Seafox Management Consultants Ltd

Your Event Eligibility:

Our new GAIN workshops are entirely FREE to attend for eligible SMEs.

If you haven’t already completed an Expression of Interest Form (EOI) you will be contacted by your local business advisor to complete your registration to the GAIN programme either over the phone or in a 1-2-1 meeting with you at your convenience. Either way, a member of our team will then be able to confirm your event booking.

Should you have any questions then please contact E-Factor on 01472 252780