At time of writing, it’s just 40 working days to an independent UK, and the next few weeks will see changes in our business world taking place at speed, on an unprecedented scale. Nothing to do with Covid, all to do with the UK becoming independent from the EU from 1 January 2021. Your preparation and plans for the next few months will therefore be critical to your business future, yet understanding the new business regulations and controls is a challenge even to the very best.
My advice is to read all you can on the transition to independence and consider the effect it will have on your UK business. Stay up to date with news and be ready to act fast. Now is the time to increase your contact with your EU customers and suppliers. They need to hear your plans and your answers to their questions to feel secure for the future.
The MIA team has never been busier answering motorsport-related queries on duties, taxes, logistics, legal, financial, employment and foreign exchange. Our sector-specific knowledge is in huge demand as there are so many questions to answer. New members join every day as businesses realise they urgently need to understand how new rules will affect this specific business community.
Specialised focus
This story is from the December 2020 edition of Racecar Engineering.
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This story is from the December 2020 edition of Racecar Engineering.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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