The UK Brexit transition period ended on 31 December 2020. New rules apply from 1 January 2021. This page brings together guidance and news from ICAEW, as well as externally-produced resources providing practical information for specific business and industry sectors.
Government guidance for businesses explaining five actions they should take now, along with links to detailed sector-specific information. The guide covers the aerospace, automotive, chemicals, construction, consumer goods, electronics and machinery, life sciences, metals and materials, professional and business services, and retail sectors.
Government guidance, industry reports, forecasts and studies on the impact of Brexit by industry sector.
Read our quick-start guide, outlining a variety of areas that could impact your business post Brexit, to help you prepare for when the transition period has ended.
The UK has negotiated agreements with its international trading partners, including the EU and Japan, that set out the rules on trade. This page brings together guidance and resources from the UK government, the EU and other useful sources on the new EU-UK treaty and trade agreements with non-EU countries.
8 January 2021: As an employer or an employee, it is worth understanding how certain provisions on mobility in the new EU-UK Trade Cooperation Agreement will affect business activities.
16 November 2020: The Chancellor has set out the government’s plans to make the UK a world-leader in green finance and financial technology.
3 November 2020: A webinar hosted by the UK Association of Southeast Asian Nations Business Council has highlighted the strength of the UK-Vietnam trading relationship and the continued opportunities available to both countries.
2 November 2020: Ian Macleod Distillers Ltd is a Scottish independent company that has forged a strong reputation in the spirits industry. Mike Younger is its CFO. He talks Brexit, labels and logistics.
21 October 2020: The Brexit conversation used to revolve largely around processing forms. Now it is more about the CFO grasping that Brexit is a key part of business resilience. This is this view of Tim Morris, Chief Executive of UK Major Ports Group.
12 October 2020: With new border processes and controls approaching regardless of any deal with the EU it is critical that the UK prepares now, urges UK Major Ports Group.
7 October 2020: The Cyprus funds industry has been described as Europe’s newest investment fund hotspot. Andreas Yiasemides, partner head of fund services at PwC Cyprus, outlines the opportunities the region can bring potential investors and fund managers.
30 September 2020: As the Brexit transition period nears its end, manufacturers are working to get measures in place in preparation. Rittal UK’s finance and HR director explains some of the complications involved.
Briefing paper from the House of Commons Library providing an overview of some of the changes that will take place on 1 January 2021 with regards to fisheries. Includes changes that will happen regardless of any negotiation outcome, and how UK fisheries may be affected in the event of a deal or a no deal scenario.
Communication and legislative proposals from the European Commission on a set of targeted contingency measures to prepare for a possible 'no-deal' scenario on 1 January 2021. Measures cover basic air and road connectivity between the EU and the UK and the possibility of reciprocal fishing access by EU and UK vessels to each other’s waters.
Policy paper from the Department for Environment, Food & Rural Affairs setting out the changes that will be made to agricultural policy in England from 1 January 2021. It also covers what these changes will mean for farmers and land managers.
Guidance for businesses on new rules for different types of goods, changing conformity assessment or marking, appointing an authorised or responsible person in the UK, and legal responsibilities for manufacturers, distributors and suppliers.
Government guidance for businesses explaining five actions they should take now, along with links to detailed sector-specific information. The guide covers the aerospace, automotive, chemicals, construction, consumer goods, electronics and machinery, life sciences, metals and materials, professional and business services, and retail sectors.
Guidance for the metals and materials sectors on new rules from 1 January 2021. It covers importing and exporting, selling goods, trading with the EU, workforce, providing services, R&D funding, regulations, IP, and the Northern Ireland Protocol.
Government guidance for businesses explaining five actions they should take now, along with links to detailed sector-specific information. The guide covers the aerospace, automotive, chemicals, construction, consumer goods, electronics and machinery, life sciences, metals and materials, professional and business services, and retail sectors.
Guidance for the retail sector on new rules from 1 January 2021. It covers importing and exporting, selling goods, trading with the EU, workforce, providing services, R&D funding, regulations, and the Northern Ireland Protocol.
Briefing from the Association of Convenience Stores to help retailers prepare for the end of transition period. Covers three core elements for convenience retailers to consider: trading environment, workforce & people and regulations.
Government guidance for businesses explaining five actions they should take now, along with links to detailed sector-specific information. The guide covers the aerospace, automotive, chemicals, construction, consumer goods, electronics and machinery, life sciences, metals and materials, professional and business services, and retail sectors.
Report from law firm Irwin Mitchell and the National Federation of Builders offering practical advice for construction and building contractors preparing for the end of the transition period. Covers labour, supply chains and contracts.
Guidance from the Department for Business, Energy & Industrial Strategy for the construction sector on what to do before 1 January 2021 to prepare for the end of the transition period.
Commentary and analysis of how the trade agreement may affect the financial services sector, highlighting four key areas of regulatory focus for firms: cross-border access, protective vs open policies, capital and frictional costs, and co-operation on the supervision of large groups and global policy forums.
Guidance on the VAT treatment of transactions or movements of goods which span the end of the transition period. It covers goods, fulfilment houses, services, call-off stock, and financial services.
Information from the Financial Conduct Authority to help financial services firms prepare for the end of the transition period. Outlines issues for all firms and considerations for UK firms and EEA firms conducting business in the UK.
Guidance from the Department for Digital, Culture, Media & Sport for the tourism sector on what to do before 1 January 2021 to prepare for the end of the transition period.
Briefing from UK law firm <a href="https://www.traverssmith.com/">Travers Smith</a> on the issues to be considered for business travel between the UK and the EU27 post transition.
Latest advice from the UK Government on how to prepare for business travel to Europe from 1 January 2021.
Guidance from the Department for Digital, Culture, Media & Sport for the civil society sectors, including charities, social enterprises and voluntary organisations. Covers what to do before 1 January 2021 to prepare for the end of the transition period.
National Council for Voluntary Organisations guidance on the potential implications of a no-deal Brexit for charities.
A NCVO blog post on how the changes to UK law being made through Brexit secondary legislation may impact charities.
Letter from the Health Minister Edward Argar MP on preparations for continuity of supply, arrangements for reciprocal healthcare, health security and science, continuing data flows, and recognition of professional qualifications.
Updated guidance from the European Medicines Agency for pharmaceutical companies on centrally authorised products, nationally authorised products, Brexit-related type IA and IB variations, and the transition period.
Short guide from life sciences consultancy firm Maetrics. Provides a list of ten actions for the medical device industry to help prepare for the regulatory changes following Brexit. Registration is required to download the guide.
Government guidance for businesses explaining five actions they should take now, along with links to detailed sector-specific information. The guide covers the aerospace, automotive, chemicals, construction, consumer goods, electronics and machinery, life sciences, metals and materials, professional and business services, and retail sectors.
Guidance for the life sciences sector on new rules from 1 January 2021. It covers importing and exporting, selling goods, trading with the EU, workforce, providing services, R&D funding, regulations, IP, and the Northern Ireland Protocol.
Short guide from life sciences consultancy firm Maetrics. Provides a list of ten actions for the medical device industry to help prepare for the regulatory changes following Brexit. Registration is required to download the guide.
Government guidance for businesses explaining five actions they should take now, along with links to detailed sector-specific information. The guide covers the aerospace, automotive, chemicals, construction, consumer goods, electronics and machinery, life sciences, metals and materials, professional and business services, and retail sectors.
Briefing paper from the House of Commons Library. Provides analysis of the impacts on the aviation and road haulage sectors at the end of the transition period whether the UK and EU enter into an agreement or not.
Article from Norton Rose Fulbright on the impact of Brexit on the aviation sector. Discusses the EU contingency legislation, as well as other issues such as air traffic rights with third countries and the UK’s approach to emissions regulation.