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Brexit and business

Find out about our new relationship with the EU, what it means for businesses and where to go for further information, advice and support.

What Brexit means for your business

As we settle into our new relationship with the EU, governed by the UK-EU Trade and Cooperation Agreement, it’s essential that all businesses understand what the new relationship means for them.

If you haven’t already done so, we advise that you complete the government’s Brexit checklist. This will help you understand the new rules that apply to your business and give you a tailored list of actions.

We also recommend that you visit the Mayor of London’s Post-Transition Business Resource Hub. Here you can access lots of information to help you make sense of the new relationship and what it means for your business, including:

  • simple guides on the various aspects of the new agreement, such as employment, trade in goods and services, data, travel and recruitment
  • sector-specific guides, covering construction, hospitality and leisure, professional and business services, manufacturing, retail, and tech, creative and fashion
  • Brexit blogs, covering the EU Settlement Scheme and the new immigration system
  • support from specialist advisors
  • events and webinars, covering a range of different topics

It would also be advisable to register for email updates from HMRC, specifically ‘News and information about importing and exporting with the EU’.

What Brexit means for EU citizens

If you employ European Union (EU), European Economic Area (EAA) or Swiss citizens, they and their families should check whether they need to apply to the EU Settlement Scheme to remain living and working in the UK. They have until 30 June 2021 to apply, with their rights and status remaining the same until then. To be eligible, they must usually have been living in the UK by 31 December 2021.

Financial support for businesses

Small and medium-sized business new to importing and exporting can apply for a grant of up £2,000 from the government’s SME Brexit Support Fund, to help with the cost of training or professional advice on such things as customs, VAT, excise and rules of origin requirements.

Eligible business have until 30 June 2021 to apply.

Further information and advice

The government is also providing information and advice in the following ways:

Several national business groups have created Brexit information hubs, which pull together information and guidance on the new rules and what they mean for businesses:

Page last updated: 26 April 2021

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