The UK Government's decision to introduce legislation which would effectively override some aspects of the Brexit Withdrawal Agreement has gone down badly with the EU. Does this mean that businesses need to prepare for no deal at the end of the transition? Or is a deal still doable?
Impact on your Brexit preparations
Although the latest developments may well increase the risk of no deal, that risk was in our view already significant – which is partly why we have argued that businesses should prepare for a no deal outcome. Furthermore, for a lot of businesses, many of the practical difficulties associated with the end of the Brexit transition period will be the same whether or not there is deal, so it is no longer the case that businesses are being expected to prepare for two radically different outcomes. Consequently, our advice remains that businesses should continue to prepare for no deal, whilst hoping that one emerges (and being realistic about the likely limitations of any such deal).
For more information on how to prepare, see our short guide on key issues to consider. You can also register for our webinar "Are you ready for Brexit" at 4 pm on Thursday 24 September, featuring international trade commentator Dmitry Grozoubinski. The webinar will cover what businesses involved in the provision or receipt of goods and non-financial services should be doing to prepare ahead of 1 January 2021 – whether or not there is a deal. Topics to be covered include business travel and immigration, import and export of goods, product and services regulation, data protection, tax matters and commercial contracts