I’d like to remind members to visit our Brexit hub at icaew.com/brexit.
We know that businesses are experiencing great uncertainty around how the UK’s departure from the European Union will impact their operations – and thus finding it very difficult to plan ahead.
Our priority is to support members through this uncertainty, help you to consider all potential scenarios and advise on putting appropriate measures in place where possible.
The hub page contains links to a comprehensive library of information and guidance. Our ‘Brexit checklist’ suggests key actions businesses could be taking in a number of areas; “TAXguide’ examines possible changes to UK tax legislation, and our ‘practical guides’ section links to dozens of externally-produced resources from both government and private firms.
The hub also draws together insight from the various Faculties and experts across the Institute, and links to relevant articles from our in-house magazine, economia.
You can also download an in-depth report we produced with Chartered Accountants Ireland, to help chartered accountants support businesses to deal with the trading landscape after Brexit.
More widely, we recommend that businesses that buy from and sell to the EU specifically, have considered contingency plans in place – plans that are sufficiently flexible to cope with a variety of possible outcomes.
We will of course continue to update the hub; I encourage members and others to take full advantage of it and to check back regularly.