The transition period is ending on 31 December and there will be no extension. The UK will no longer be part of the EU Customs Union and Single Market. This means that, regardless of whether we reach a free trade agreement with the EU, there will be new rules for businesses from 1 January 2021 which require immediate action. Your members need to act now to prepare for these new rules.
As a first step, businesses should visit gov.uk/transition where they can use the checker tool to quickly identify the actions that each business needs to take. The checker tool will ask questions and then provide all the information needed, such as new rules on:
You can help prepare your members prepare for the new rules by using a number of support mechanisms provided by the Government:
● Sign up to receive updates on the specific actions that need to be taken once the checker tool has been used at gov.uk/transition
● Sign up to receive the regular Business Readiness Transition Bulletin – an email newsletter providing information on major announcements and recently published guidance
● Watch the BEIS webinars currently taking place that set out specific advice on how the following sectors can prepare for 1 January 2021: aerospace, automotive, chemicals, consumer goods & retail, construction, infrastructure & housing, electronics & machinery, metals & other materials, life sciences, and professional business services. The full schedule and sign up to for live sessions here. Following the initial broadcast, the webinars will be available on demand.