Has your Company done a Brexit Checklist?

[Lord Tyrion]

Not long to go and up until now I have ignore this type of thing. Frankly, as we don't know what Brexit will be how can you prepare. However, not long until March next year and it made me think as to whether there are things that we can do. Anyone work for a non multinational company that has carried some work out on this? What have you looked at, could you do anything and if so what was it?

Interested to hear suggestions.

 

[Hobbit]

I worked for a multi-national, but the UK subsidiary still has to sort the mechanisms from the UK side. Training on understanding HMRC impact, and what to look out for has long since been done. To a large extent it mirrored the training we received for exporting to non-EU countries, and in effect it was a day and a half course.

The main focus was on ensuring that the correct fields were filled in for whatever tariffs and taxes may come into effect. In reality, every time we exported to a new, non-EU, customer we were doing this anyway.

All the shouting and screaming you hear is just white noise... the mechanisms are already in place, that's if you are already exporting/importing from non-EU countries.

 

[Papas1982]

Working in customs clearance myself, I can't wait for some confirmation of a procedure.

Every week the goalposts seem to move and the ideas change. From what I've seen and heard during our visits from politicians and customs officers. They really don't have a grasp on the implications or a set procedure to handle them!

 

[IanM]

Yes......started the week after the Referendum

 

[Deleted member 1418]

Yes......started the week after the Referendum

More or less the same bit started the day after!! 😉😂

 

[Mudball]

Clock started almost immediately. If the Govt thinks that Business will wait for March before deciding then it is smoking something.
Among other things we put off starting a new office here & started a new one elsewhere in the continent. I am sure the tax dollars won’t be missed.

 

[SocketRocket]

If it wasn't for the deviates in power working actively against democracy or a Government prepared to be pushed around by the School Bullies in Brussels then all would be clarified and business could get on with looking for new opportunities. The checklist need be nothing more than the result of a SWOT analysis that progressive outfits have been doing all along.

 

[Junior]

A lot depends on what is finally negotiatied (if they ever agree). If (when) there will be tarrifs between us importing and also us exporting from the EU, then the only thing that will change is workload. The processes are already in place, there will just be a shed load more to clear through customs.

Equally as important for us are the steel tariffs that the USA are slapping on everyone. It will soon be tit for tat and have to be reflected in the total acquisition cost of the products we buy.

 

[Mudball]

If it wasn't for the deviates in power working actively against democracy or a Government prepared to be pushed around by the School Bullies in Brussels then all would be clarified and business could get on with looking for new opportunities. The checklist need be nothing more than the result of a SWOT analysis that progressive outfits have been doing all along.

Without wanting this to be a political Brexit thread, I m not sure I agree that the Govt is acting against democracy. Both sides were sold a dummy based on incorrect info and false promises. We got a result. Like it or lump it, implementation is something that no one thought about. And now everyone is running around headless - this is nothing to do 'For v Against' views. The world has not spinning and neither is Business going to wait for the bickering politicians to decide. As you said, most Business would have done a Swot and in some would have decided to little, others (especially larger) would have decided to hedge bets with cards on either side. This is a bit like leading Brexiteer Lord Lawson wanting to take up French residency. Cant blame him.