LEADING CROSS BORDER ACCOUNTANTS IN NORTHWEST

PROMPT SERVICE.  ACCESS TO AN EXPERT TEAM.

BREXIT

Brexit – a relatively new word that feels like it’s been around forever.

When the UK invoked Article 50 it started the long and arduous process of exiting the EU. Deal or no deal there will very likely be significant consequences, particularly for those in the Irish border regions.

For businesses on both sides of the border, there are numerous post-Brexit considerations, including:

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Access to cross-border customers and suppliers. Every business needs to analyse its supply chain;

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Additional time and compliance requirement for cross-border trade;

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Potential tariffs on imports and exports. According to InterTradeIreland 90% of cross-border traders have no experience of dealing with tariffs;

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Cross-border working and employee mobility;

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Financing arrangements and currency exchange rate issues;

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Cross-border movement of capital;

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Tax jurisdictional matters;

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Regulatory and legal issues. Every form insurance to standards e.g. CE marks.

According to an InterTradeIreland survey last year 98% of businesses across the island of Ireland had no plan for Brexit. It really is beholden to every business to give proper consideration to the potential impact of Brexit, “wait and see” is simply not a viable option.

If you are unsure what to do, InterTradeIreland offers 100% financial support up to £2000/€2000 (inclusive of VAT) towards professional advice in relation to Brexit matters. This support can help your business get advice on the specific issues that are likely to impact it. MLMG is an approved Brexit Service Provider. For more details on this contact us or follow the link to http://www.intertradeireland.com/brexit/vouchers/

Talk to us today about creating a Brexit Contingency Plan