With the end of 2020 looming large, businesses need to be thinking about how Brexit will affect them and what they can do in 2021 to grow their small business.
For some, the prospect of Brexit is causing a great deal of concern over what the next 12 months may bring, while others are trying to hold onto the hope that it will not have an adverse effect. Wherever you go at the moment, we can’t escape that Brexit is upon us. As the transition period draws to a close and 31st December 2020 approaches, UK business owners of all sizes will need to plan ahead for the biggest challenges on record: No Trade Deal and No Agreeing Transition Period.
What changes can UK businesses implement to prepare for changes further ahead.
It has been a roller coaster few years for British businesses trying to plan for the future, and 2020 has been the toughest in recent memory with various lockdowns implemented and more on the horizon coupled with the uncertainty of a no deal Brexit strategy. We all live in uncertain times but it is so important to remember that small businesses are the backbone of the UK economy.
From a talent perspective, the UK’s technological industry is now in greater need of workers than ever before. The government recently relaxed rules to allow non-British EU citizens living in the country, to remain here after Britain leaves the union. This has made it more complicated for businesses to find and hire the skills they need – accelerating plans to open “boomerang” development centres in Eastern Europe. Worst case scenario, you might have to relocate your business, or make changes with your recruitment process.
It comes as no surprise that marketing and advertising agencies, media groups and the wider communications industry have made it clear to the government that a “no deal” Brexit risks disrupting commerce and damaging the creative industries. The next thing is that there will be impacts on the cost of business. Whatever you produce, whatever service you offer, it’s going to cost more in most cases.
European Union citizens already living in the UK
There is extensive information which has been produced by Government officials relating to EU citizens who will be living in the UK before 31st December 2020. This immigration advice is relevant for all EU citizens residing or planning to reside in the UK. Information has been produced on what settled and pre-settled status means, as well as information about how a family member can join you in the UK.
For you to be lawfully employed in the UK, you must have continued permission to work by possessing a valid work permit or visa. If you are a UK business owner or unsure of the new implications we recommend seeking guidance from the Government website.
From January 2021, all companies exporting goods to the EU must make customs declarations.
A customs declaration is regarded as a routine form which lists all of the items travelling, their destination, value and any other relevant information (such as certifications of licensing). These rules already apply to non-EU countries, and so next year’s changes are just an extension of existing procedures.
Hopefully the above provides a brief insight but we recommend following the Government website for a full list of changes and legislation. If you are a small business owner what are your primary goals for 2021? Are you hoping to increase sales and drive more traffic through your website , are you aiming to launch a new product range? Perhaps you’re looking to maximise and grow your social media presence and increase your social media followers. After the demoralising year many small business owners encountered, now is the time to build specific, realistic measurable goals for the year ahead.
The arduous journey of 2020 is slowly coming to its end, which means a new year brings new optimism and new aspirations. We’re under no illusions that 2021 will be tougher for many, but it’s all about being realistic whilst exploring new opportunities.