Brexit Guidance for Businesses

30th December – Brexit deal and the small print

https://www.richmondchamberofcommerce.co.uk/wp-content/uploads/2021/01/rtt-31-dec-2020.pdf

Brexit Deal Details

https://www.gov.uk/government/organisations/prime-ministers-office-10-downing-street

Brexit Deal Explained

https://on.ft.com/3rtG7Dr

https://www.gov.uk/government/news/radical-shake-up-to-government-export-finance-support-for-small-businesses

Trading Internationally – some new working capital assistance

December 6th 2020, UK Export Finance (UKEF) launched a new guarantee scheme with 5 leading UK commercial banks to support SME’s and cover the costs of international trade.

  • New scheme to give exporting SMEs access to working capital they need to recover from COVID-19
  • Government can provide an 80% guarantee on financial support from lenders to support general exporting costs, up to the value of £25 million
  • GEF will transform UKEF’s offer to smaller businesses, encouraging them to export and take advantage of new free trade agreements

Exporters will be able to apply for finance from the UK’s five largest banks backed by a UKEF guarantee to free up working capital that can be used for everyday costs linked to exports and to scale up their business operations. This will help thousands of businesses, particularly SMEs, to fulfil multiple export contracts, pay for labour costs, build their inventory and ease cash flow constraints. For more info: https://www.gov.uk/government/news/radical-shake-up-to-government-export-finance-support-for-small-businesses

RTT RCOC 11th August Brexit-12-8-2020

Brexit Videos


Main film
Brexit guidance from the Chamber of Commerce

Businesses: prepare for Brexit
Nick Farmer, Head of International Tax and Brexit Team Leader, Menzies

Supply chains and structural changes
Nick Farmer, Head of International Tax and Brexit Team Leader, Menzies

27 member states: each is different
Nick Farmer, Head of International Tax and Brexit Team Leader, Menzies

Services: requirements vary by member state
Nick Farmer, Head of International Tax and Brexit Team Leader, Menzies

Tax changes on goods
Nick Farmer, Head of International Tax and Brexit Team Leader, Menzies

Indirect tax changes affecting international corporates
Nick Farmer, Head of International Tax and Brexit Team Leader, Menzies

VAT changes and deferred cash flow
Nick Farmer, Head of International Tax and Brexit Team Leader, Menzies

Direct tax on international groups
Nick Farmer, Head of International Tax and Brexit Team Leader, Menzies

UK Supreme Court role re business regulations post Brexit
Greg Vincent, Partner and Head of Corporate & Commercial, Morrisons Solicitors

Richmond Chamber of Commerce support and business voice
Greg Vincent, Partner and Head of Corporate & Commercial, Morrisons Solicitors

Data transfer and GDPR considerations post Brexit
Greg Vincent, Partner and Head of Corporate & Commercial, Morrisons Solicitors

Data transfer to the EA and SCCs
Greg Vincent, Partner and Head of Corporate & Commercial, Morrisons Solicitors

Reviewing supply chains
Greg Vincent, Partner and Head of Corporate & Commercial, Morrisons Solicitors

Reviewing EU contracts including exclusivity post Brexit
Greg Vincent, Partner and Head of Corporate & Commercial, Morrisons Solicitors

New contracts and local advice
Greg Vincent, Partner and Head of Corporate & Commercial, Morrisons Solicitors

Overseas staff and settled status
Greg Vincent, Partner and Head of Corporate & Commercial, Morrisons Solicitors

UK Global Tariff post Brexit
Peter Bishop, Deputy Chief Executive,
London Chamber of Commerce and Industry

Increasing Customs’ documentation post Brexit Peter Bishop, Deputy Chief Executive, London Chamber of Commerce and Industry

Trading with the Republic of Ireland post Brexit Peter Bishop, Deputy Chief Executive, London Chamber of Commerce and Industry