Last year, we communicated the steps sellers needed to take to prepare for a ‘no deal’ Brexit on January 31 i.e. The date when Britain would leave the European Union without a withdrawal agreement.
A ‘no deal’ Brexit will almost certainly not happen this month. Following the UK General Election, Britain is currently scheduled to leave the European Union on 31 January 2020 and we now expect that the Withdrawal Agreement between the UK and EU will be ratified. The Government has now formally ceased planning for a ‘no deal’ scenario and the transitional arrangements will mean that EU Customs and Single Market rules will apply until at least the end of December 2020.
The good news is that you can continue to trade under current rules until the end of 2020.
We’ll be monitoring the situation over the coming months and will keep you updated on the latest advice from the Government on what you need to do to prepare for Brexit.
