Setting up multiple companies to separate business interests can seem very straight forward. There are however important considerations. We explore the implications of owning too many companies.
Are You Ready For No Deal?
4 September 2019
Accounting & Compliance, Brexit, Building a Business, People
Will you and your business be prepared if we leave the EU on 31 October without a deal?
Anyone tuned into news or social media over the last few days will have received the message loud and clear that the government is prepared to leave, and preparing for a clean break from, the EU on Halloween. Although we have known that this moment might come since the result of the referendum in 2016, for many of us it has crept up and only now does it seem likely we might leave without a formal withdrawal agreement.
If this does happen we will need to be ready. The government has started to publish information on a dedicated website to help individuals, businesses and organisations who may be affected by Brexit.
As a business person if you trade any goods or services with the EU you’ll need to be ready just in case. This will be the case if you, for example:
- Export goods to the EU
- Import goods from the EU
- Transport goods by road
- Export animals or animal products.
If you may be affected by the changes the government have a tool on their website which will help you to find out:
- What your business or organisation may need to do to prepare for Brexit
- What’s changing in your industry
- Information on specific rules and regulations.
The tool can be found using this link https://www.gov.uk/business-uk-leaving-eu
Once you have filled in the information relevant to your business you will be directed to all relevant published information which we highly recommend you read.
If, once you have read the information supplied, you have further queries please do not hesitate to contact Mark, Andrew or your manager who will be pleased to help you.
The government have also provided a tool to help you prepare for a no deal Brexit in your personal capacity. It deals with areas such as settled status for EU citizens currently living in the UK, to travelling to Europe, driving and taking pets to the EU.
That tool can be found using this link https://www.gov.uk/get-ready-brexit-check
Again we recommend that you take some time to review the questions if you have concerns over these or any connected issues regarding the EU.
The content of this blog is correct as at 4/9 2019
