Why You Need Brexit Due Diligence

Make certain your business or organisation is ready for Brexit. We will carry out an audit of your business and make the necessary recommendations based on the outcome for businesses and ensure that your business is ready to grasp the opportunities in 2019.

It is important to view Brexit as an opportunity to:

  • Re-visit all of your commercial dealings
  • Existing commercial contracts,
  • (IP) Intellectual Property
  • Re-assess Budgets
  • Implications of tax/VAT
  • Employment issues
  • General Data Protection Regulation (GDPR) and corporate governance.

Although, GDPR will still be law post-Brexit, the relationship between the UK and EU with regard to data protection continues to be negotiated to ensure that the information rights of UK citizens are not affected.

The Prime Minister continues to make the case for an ongoing for the ICO – whether that’s a seat on the European Data Protection Board with voting rights or some other form of relationship that will be decided between the government and the EU. Linda will continue to monitor the situation to enable keep her clients up to date.

Bigger corporates are already creating “Head of Brexit” positions and supporting staff to ensure that they are prepared ahead of 2019. The service we offer gives you all the benefits within your organisation’s budget.

 

2019 and Transition

It is clear that preparation for Brexit needs to be undertaken now. The consequences of not taking immediate action could be costly and affect your ability to compete in the new business environment.

The negotiations for the UK’s exit from the European Union and the proposed transition period from March 2019 mean it is vital for businesses to be fully prepared for any changes of legislation that may result from the outcome of the governments negotiations.

Advance Preparation for the Challenges and Opportunities for UK Business in 2019

  • Advance preparation for the possible cost implications so that they are not a “big hit” in 2019
  • Compliance with GDPR
  • Full preparation for any changes of legislation that may result from the outcome of the governments negotiations
  • An awareness of how much of your current business set up is reliant on the EU and how you may need to re-structure your business to accommodate change
  • An awareness that, although there is a proposed transition period from March 2019, a “wait and see” approach could be detrimental to your business. You need to prepare now!

Businesses Must Ensure That

  • Customer and supplier contracts are robust, up to date and legally compliant;
  • Intellectual Property is properly registered in the relevant territory;
  • Tax / VAT implications are addressed;
  • Employee immigrant status is checked;
  • Foreign currency and exchange contingencies are in place;
  • Data Protection procedures are up to date and GDPR compliant;
  • You are prepared for tariff charges.

Need Information on how I can help you?

email : Linda@LindaBazant.com or call +44 7957 422 069

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