BUSINESS BUSINESS OWNERS OWNERS Whether Whether youyou manufacture manufacture concrete, concrete, runrun the the local local shop shop - or-anything or anything in between in between - there - there are are three three keykey steps steps youyou need need to take to take nownow to prepare to prepare youryour business business for the for the lasting lasting change change thatthat Brexit Brexit willwill bring bring on 1on January 1 January 2021. 2021.
STEP STEP 1: 1:
STEP STEP 2: 2:
STEP STEP 3: 3:
CUSTOMS CUSTOMS CHANGES CHANGES
CONTINUITY CONTINUITY OF SUPPLY OF SUPPLY
CASH CASH FLOW FLOW
If youIfplan you plan to move to move goods goods to, from, to, from, or through or through the UK, theexcluding UK, excluding Northern Northern Ireland, Ireland, afterafter 1 January 1 January 20212021 youryour business business mustmust complete complete customs customs formalities. formalities.
Examine Examine your your supply supply chainchain closely closely for UK fordependencies. UK dependencies. SeekSeek assurances assurances fromfrom your your suppliers suppliers aboutabout continuity continuity of of supply. supply. Talk to Talk your to your freight freight and logistics and logistics providers providers aboutabout theirtheir Brexit Brexit readiness readiness and their and their continued continued ability ability to gettoyour get your products products to your to your customers. customers.
Protect Protect youryour cash cash flow.flow. Contact Contact youryour financial financial provider provider to discuss to discuss options options including including currency currency hedging hedging or a working or a working capital capital loan.loan.
PleasePlease see www.gov.ie/brexit see www.gov.ie/brexit for more forinformation more information on theon steps thebusinesses steps businesses can take cantotake limittothe limit the impactimpact of Brexit of Brexit and the and supports the supports available. available. Prepared Prepared by the Department by the Department of Enterprise of Enterprise Trade & Trade Employment & Employment
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November/December 2020
