Preparing for Brexit
Use the Government's EU exit tool to understand what impact Brexit may have on your business.
Whether you're a start-up or a company that's well established, Brexit is likely to have an impact on some part of your business.
But knowing which parts might be affected, and how, is something even the closest followers of Brexit aren't always aware of.
Government research shows that only:
- 50% of the population think it's likely the UK will leave the EU
- 42% of small to medium-sized businesses are unsure of how they can get ready
- 31% of the British public have looked for information on how to prepare for Brexit
To help you and other small business owners across the UK understand what impact Brexit may have - including in the event of no deal - the Government has created an EU exit tool.
In seven steps, the tool will determine which government policies are relevant to your business, covering everything from VAT and workplace rights to food labelling and use of websites.
The tool will help you learn:
- what your business may need to do to prepare for the UK leaving the EU
- what's changing in your industry
- information on specific rules and regulations
Don't forget that other sources of information on this subject are available, including business representative organisations, trade and industry bodies. You can also find help and guidance on the Government's website at gov.uk.
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Disclaimer: The Start -Up Loans Company makes reasonable efforts to keep the content of this article up to date, but we do not guarantee or warrant (implied or otherwise) that it is current, accurate or complete. This article is intended for general information purposes only and does not constitute advice of any kind, including legal, financial, tax or other professional advice. You should always seek professional or specialist advice or support before doing anything on the basis of the content of this article.
The Start-Up Loans Company is not liable for any loss or damage (foreseeable or not) that may come from relying on this article, whether as result of our negligence, breach of contract or otherwise. “Loss” includes (but is not limited to) any direct, indirect or consequential loss, loss of income, revenue, benefits, profits, opportunity, anticipated savings, data. We do not exclude liability for any liability which cannot be excluded or limited under English law. Reference to any person, organisation, business or event does not constitute an endorsement or recommendation from The Start-Up Loans Company, its parent company British Business Bank plc, or the UK Government.
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