BDO Brexit Briefing - March 2018
09 March 2018
Following Theresa May’s Mansion House speech on 2 March 2018 confirming that the UK will leave the Customs Union and the Single Market, now is the time to look at the consequences of Brexit on your business if you have significant sales into the UK or purchases from the UK.
It is critical for companies to plan ahead for March 2019 as a worst-case scenario, while ultimately hoping for a January 2021 deadline under a Transition Agreement. The advice for Irish businesses however at this stage is to adopt a “no regrets” policy for preparedness.
The difficulty for businesses now is establishing what minimum requirements are needed in place should March 2019 happen, and what they can safely work on through to December 2020.
Download our Brexit Briefing document to find out more.