Keep up-to-date with the government’s plans for Brexit.
The government has brought together all of its information about Brexit on a dedicated webpage.
A no deal scenario is one where the UK leaves the EU and becomes a third country at 11pm GMT on 29 March 2019 without a Withdrawal Agreement and framework for a future relationship in place between the UK and the EU. The UK is therefore preparing for a scenario where there is no UK-EU agreement in place on exit day.
The webpage includes all of the draft statutory instruments which will apply in the event of the UK leaving the EU without an agreement. These cover vital areas such as customs, excise and VAT and include all relevant draft public notices to support the potential regulations.
The site has a general overview of the no deal preparations and is then split into industry specific information with guides for other general categories such as import and export.
With just a few weeks to go before the scheduled Brexit date, it is vital that you understand exactly what the government intend to do if there is no deal. We recommend you visit this page regularly to keep track of changes and updates before 29 March.
The web page can be found here and we recommend that it is visited regularly as there will no doubt be many changes and updates before 29 March.
Article from ACCA In Practice