EU Exit – time to take action
Following the agreement of the post-Brexit trade deal, businesses should act to avoid interruption to operations and understand the opportunities presented.
1st January 2021. A discussion on how we do business in the UK from 2021 onwards regardless of whether a trade agreement is reached.
On Monday 30 November, we held a webinar focused on the practical steps businesses should be taking to prepare for EU Exit. Our panel of expert speakers across the firm discussed what to consider both now and in the future for:
- Moving goods - the VAT and duties on importing and exporting goods (including EORI numbers), stock planning, supplier engagement and communications networks
- Managing people - new immigration rules and compliance risks, double social security changes, health insurance, social security benefit and pension gaps
- Managing data - GDPR considerations post EU Exit.
Please see the recording below and a summary of their top tips available to download here.
Get in touch
If you would like to discuss your EU Exit preparations, please be in touch with your usual Mazars contact or complete the form below:
EU Exit - Immigration and social security
17th February 2021. We discussed the immigration and social security coordination considerations following the EU Exit deal agreement. Our panelists included speakers from Mazars UK, Belgium, and the Netherlands.
EU Exit – Importing and exporting
16th February 2021. We took a closer look at the impact of the EU-UK Trade and Cooperation Agreement on business continuity, supply chains and the new rules for importing and exporting.
EU Exit - What the deal means for your business
12th January 2021. Following the announcement of a post-Brexit trade deal, we held a webinar to discuss the practical steps that businesses should be taking to maximise the opportunities presented by the deal.
Social security co-ordination protocol
As part of the EU-UK trade and co-operation agreement, a protocol on social security co-ordination applies from 1 January 2021 to all EU-UK cross border working arrangements that start from this date.
Impact on UK B2C sales when selling outside the UK
Following the end of the transition period and the new rules from 1 January 2021, non-UK sellers (both from the EU and worldwide) may be required to register and account for UK VAT on sales to non-business customers in the UK, i.e. “B2C” sales.
Employer’s right to work checks guidance updated
New guidance has been released to clarify the requirements for employer’s seeking to undertake right to work checks on EEA and Swiss nationals.
The EU-UK Agreement – the Immigration provisions
The EU – UK’s trade and Cooperation Agreement (‘The Agreement’) was ratified by the UK Parliament on 30 December 2020 has been applied provisionally since 01 January 2021 pending ratification by the European Parliament.
EU-UK Trade and Cooperation Agreement
The EU-UK Trade and Cooperation Agreement concluded between the EU and the UK sets out preferential arrangements in several areas including trade in goods and services, digital trade, intellectual property, public procurement, aviation and road transport. The agreement is underpinned by provisions ensuring a level playing field and respect for fundamental rights....
UK reporting of cross border arrangements -EU DAC6
Following the UK/EU Trade and Cooperation Agreement, the UK has decided to devise its own reporting of cross border arrangements.
Narrative & financial reporting disclosures
Even though the clear priorities for companies is focusing on the ongoing economic and social impact of Covid-19 and climate-related matters, companies must still ensure disclosures within their reporting sufficiently address the risks and uncertainties surrounding the UK’s EU exit.
Preparing financial statements for the year-end
With the new rules effective from 1 January 2021, businesses must understand and implement the changes required and ensure they are reflected in the way they prepare their annual financial statements.
Revisions to posted workers directive effective
Equal pay for equal work, but more compliance for employers
National contacts
Catherine Hall Partner - International Tax
Visit our EU Exit hub
EU Exit – time to take action
Following the agreement of the post-Brexit trade deal, businesses should act to avoid interruption to operations and understand the opportunities presented.
Get in touch
EU Exit consultation
If you want to speak to a specialist about EU Exit implications, please request a callback via the form below.