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09 Jul 2024

GUIDANCE DASHBOARD – DECEMBER 2020

The UK left the European Union on January 31, 2020. The transition period will end on December 31, 2020. Negotiations to establish a trade between the UK and the EU deal are still underway. If these talks fail to produce an agreement, a ‘no-deal’ Brexit is still possible at the end of December 2020. If a deal is agreed, it will take the form of a free trade agreement. Such a deal would be announced late in the year, although, many of the new procedures, e.g. customs formalities, will be very similar under a deal and no-deal scenario. It is imperative that businesses begin preparing for the new arrangements as soon as possible, based on appropriate and accurate information

GUIDANCE DASHBOARD – DECEMBER 2020

The UK left the European Union on January 31, 2020. The transition period will end on December 31, 2020. Negotiations to establish a trade between the UK and the EU deal are still underway. If these talks fail to produce an agreement, a ‘no-deal’ Brexit is still possible at the end of December 2020. If a deal is agreed, it will take the form of a free trade agreement. Such a deal would be announced late in the year, although, many of the new procedures, e.g. customs formalities, will be very similar under a deal and no-deal scenario. It is imperative that businesses begin preparing for the new arrangements as soon as possible, based on appropriate and accurate information.

 

The British Chambers of Commerce has evaluated the quality of official guidance to assess whether it provides sufficiently clear, complete, visible, timely and actionable information which businesses can use to prepare for change. This is not an assessment of the impact of a deal or no-deal exit or a judgement on the desirability of the policy change in each case. It is an assessment of how well businesses can act on the basis of the guidance available. This is consistent with our approach to previous milestones for the UK’s exit from the EU.

 

BCC has compiled the 35 questions most frequently raised by companies. Only 11 are marked green - the top rating for available information based on our quality criteria; 5 are red – indicating wholly inadequate information at all on which to plan; and 19 are amber - indicating that some information is available but there remain gaps and / or other quality issues to address.

 

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