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Brexit is back, so be prepared

As the Brexit transition period comes to an end, Irish businesses trading with British firms and organisations will need to familiarise themselves with new tariffs, form-filling and regulations, writes Siobhan Maguire

Overview

Brexit has not gone away you know, and while the world is reeling from the Covid-19 pandemic, an outline of Britain’s exit deal is expected later this month. In a special report, Deloitte’s Vincent McCullagh, partner in Indirect Tax, and Donna Hemphill, senior manager in Global Trade Advisory, guide us through the impending customs changes and what Irish businesses need to know.

Against the backdrop of a global pandemic, many of us yearn for the days where Brexit was ‘the’ systemic shock for businesses in Ireland. Perspective duly gained, the UK’s no extension, no mandatory alignment stance means Brexit is, or should be, firmly back on the agenda.

Although it is less than six months until the end of the transition period, the negotiations to agree what the customs landscape will look like from January 1, 2021 are progressing slowly.

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First published in the Business Post on July 12, 2020

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