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Getting Business Brexit Ready

Quick Brexit Guide for Business – Customs, tariffs and duties, currency, imports, certification, working capital, financing

Quick Brexit Guide for Business

The Department has produced a Quick Brexit Guide for Business booklet to help businesses navigate the challenges posed by Brexit.

Brexit Preparedness Checklist

Brexit Preparedness Checklist

The Department has also produced the Brexit Preparedness Checklist which lists the steps businesses can take now to help prepare for Brexit.

Getting Your Business Brexit Ready – Practical Steps

As part of the Government’s ongoing activity to help businesses and consumers to prepare for Brexit, a new campaign has been launched highlighting the practical steps all businesses – large and small – should take NOW to prepare for the UK’s departure from the EU.

The Getting Your Business Brexit Ready – Practical Steps digital booklet provides a comprehensive overview for businesses on the core steps they should take NOW.

How will Brexit affect my business?

Supply chainCustomsTariffs/DutyCertification, Regulation and LicensingCurrency Movement Working Capital and FundingData Protection Sectoral information

Brexit could affect your business in a number of different ways. Under EU law, businesses have different responsibilities depending on where they are situated in the supply chain, (for example, manufacturer, importer, wholesaler distributor, etc.), so you need to anticipate how Brexit will impact your business.

A first step for small businesses is to contact one of the 31 Local Enterprise Offices (LEOs) across the country.

The LEOs can help you navigate your Brexit journey and signpost you to useful Government supports available to help you get your business Brexit ready.

There are many supports available through the LEOs, Enterprise Ireland, InterTradeIreland and Skillnet Ireland, to help businesses examine their Brexit exposure, seek advice, avail of customs training and make plans to protect their business.

More supports to get your business Brexit Ready

Supply Chain

If you plan to continue to trade with the UK, or your supply chain is partly dependent on the UK, you need to take steps to mitigate the impact of Brexit.

How can I reduce the impact of Brexit on my supply chain?

Ask yourself, do you buy directly from a UK business or do you source your goods or services from the UK, or do you indirectly source products from a wholesaler or distributor? If so, you need to understand the risks of Brexit for your business and you can do this now by checking where your materials, stock, ingredients or any other types of goods are actually coming from or going to.

Supply chain: What can I do now?

  • You should contact your UK suppliers, service providers and logistics companies, or your wholesalers and distributors, to seek assurances about the continuity of goods and services you rely on for trade.
  • You should also check if your non-UK suppliers use the UK as a landbridge as there may be delays and cost implications after Brexit, such as supply, customs, tariffs and related impacts on working capital.

If you have any doubts about continuity in your supply chain you need to consider the possibility of sourcing your goods or services in Ireland or elsewhere in the EU.

Supply chain: What supports are available to me?

To help you consider these questions or assess the impact of Brexit on your supply chain there are a number of Government supports available:

  • The 31 Local Enterprise Offices (LEOs) across the country run a Brexit Mentor Programme to support business owners and managers. This programme can help you to identify key Brexit exposures and develop robust strategies to address issues and maximise potential opportunities.
  • InterTradeIreland (ITI) offers up to €2,250 to help you engage professional advice to get Brexit ready and a Brexit Advisory Service to help businesses with practical advice, support and information on Brexit related issues. ITI also offers a follow-up Implementation Voucher to help businesses enact their Brexit plan.
  • Enterprise Ireland continues to run a number of Brexit Advisory Clinics across the country offering information and practical support to companies.
  • A €300 million Brexit Loan Scheme is open for eligible businesses with up to 499 employees to innovate, change or adapt in response to Brexit-related challenges. Loan amounts range from €25,000 up to €1.5m, for terms of up to three years and a maximum interest rate of 4%. Loans up to €500,000 unsecured. This may be useful for businesses who have Brexit impacts on their cashflow (conditions apply).

More supports to get your business Brexit Ready

Customs

If you trade with the UK, you will have to comply with EU customs obligations after Brexit. Customs declarations will be required to move goods from Ireland to the UK and vice versa. Both “import” and “export” declarations will be required.

In practice, much of the customs requirements can be handled by an agent or operator moving your goods. You will however be responsible for providing your appointed agent with accurate information. Incomplete or inaccurate information will lead to delays which could cost you money.

Customs: What can I do now?

  • Obtain an EORI number: If you are a trader who imports or exports goods into or out of the European Union (EU) or trades with the UK post-Brexit, you will need a unique EORI (Economic Operators’ Registration and Identification) number. Register with Revenue for an EORI number to continue trading with the UK after Brexit. This number is valid throughout the EU. You can register for an EORI number through the Revenue website using your Revenue Online Service (ROS) account.
  • If your business moves goods through the UK, or sources supplies or components from mainland Europe via the UK landbridge, you should consider availing of the ‘Transit’ procedure to lessen customs delays and costs. Transit is a customs procedure that allows goods to be moved across international borders under customs control. A guarantee is required to secure all charges on the goods. For more information visit Revenue’s page on Transit.
  • You must have security in place to cover potential or existing customs debt for certain customs procedures or facilities. This security must be in the form of a customs guarantee. A comprehensive guarantee allows you to combine all your current customs bonds and guarantees. You will need an authorisation from Revenue to use a comprehensive guarantee. For more information visit Revenue’s page on Comprehensive Guarantees.
  • If you intend to customs clear and import  goods in your own name into the UK, or trade online into the UK, you will need to register for a UK EORI number with HMRC (the UK’s Revenue and Customs) and it is likely that you will also be required to VAT register in the UK.
  • Consider whether you want to complete customs declarations yourself or use a third party such a customs agent or operator to do so on your behalf. Business should engage with agents/brokers and agree a “pricing schedule” for filing declarations.
  • For more detail on key customs concepts, documentation and processes you can access a 40-minute online customs insights course developed by Enterprise Ireland.
  • Visit localenterprise.ie for information on the customs workshops run by the Local Enterprise Offices. These one-day interactive workshops aim to provide businesses with a better understanding of the potential impacts, formalities and procedures when trading with the UK post Brexit.
  • Visit skillnetireland.ie/clear-customs for information on the Clear Customs training programme run by Skillnet Ireland. This 5-7 day instructor-led programme offers immediate and free customs training to Customs intermediaries, and to businesses who frequently trade with or through the UK.

Tariffs/Duty

After Brexit, Customs Duty will apply to the import of many goods from the UK into Ireland. Unlike VAT which is recoverable by many businesses Customs Duty is not recoverable and will represent an additional cost of import.

The rate of Duty arising on goods depends on the classification of the particular goods. All goods should have an assigned classification code.

There are specific rules which apply for valuing the import of goods for Customs purposes.

Rules of Origin are the rules by which customs and other authorities determine the source of an imported product.

In the event of a No-Deal Brexit, standard rate VAT (currently 23% for ROI) will apply to the import of many goods from the UK to Ireland.

In order to mitigate the potential cash-flow burden, the Minister for Finance proposes to introduce a legislative change to introduce a system of postponed accounting whereby importers will not pay import VAT at the point of entry but will instead account for import VAT through their bi monthly VAT return.

Tariffs/Duty: What can I do now?

  • Classify the goods that you import or export, and their origin, for customs purposes. Revenue offers more information on classification.
  • Consider the implications of VAT and Excise Duties on your imports, and Rules of Origin on your exports.
  • Consider applying to Revenue for a VAT and Duty deferment account. This will allow you to defer the payment of VAT and Duty to the 15th day of the month following the month of import of the goods. The lead in time to obtain Revenue approval for a deferment account can be at least two months. However, Government will introduce a system of postponed accounting for all traders for a period after Brexit so businesses will not have to pay VAT at the point of import of their goods coming from the UK.
  • Contact your local Chamber of Commerce who have an extensive set of resources to support businesses trading internationally. They develop and maintain Incoterms® rules which are an internationally recognised standard and are used worldwide in international and domestic contracts for the sale of goods. In addition, they provide a range of training courses in International Trade as well as the 2018 ICC Guide to Export Import. For further information see Chambers Ireland.
  • Explore the extent to which available customs reliefs such as inward processing relief, Customs warehousing or procedures such as transit could apply to you.
  • Review contracts with suppliers and customers and especially Incoterms. Incoterms or trade terms inform parties what to do with respect to the carriage of goods from buyer to seller, and who is responsible for export and import clearance and payment of VAT and Duties. They also explain the division of costs and risks between the parties.
  • Assess what changes may be required to your ERP (Enterprise Resource Planning) or finance systems to cater for a changed VAT and Customs Duty accounting regime after Brexit.

For more information, visit Revenue > Brexit.

Certification, Regulation and Licensing

There may be many Brexit implications for your business beyond supply chain and customs impacts.

I import/produce products, components, devices, etc. which require certificates, licenses or authorisations. How will Brexit affect my business?

Certificates, licenses and authorisations are required for trade in the EU for many types of goods such as medical devices and construction products, and for services for instance in the transport sector. If you rely on certificates, licences or authorisations issued by UK authorities or bodies, these may no longer be valid in the EU post-Brexit.

A vast range of certification and licensing for the EU market has to date been conducted by authorities and bodies in the UK. If the UK leaves the EU without a deal, UK bodies may no longer have the authority to issue certificates or licences within the EU.

Certification, Regulation and Licensing: What can I do now?

To avoid disruption and delays, you will need to take the necessary steps to ensure you are compliant with EU rules, that is, to transfer to an EU27-authorised body or authority or obtain new certificates, licences or authorisations issued by a designated EU27 body or authority.

All businesses:

  • You need to check whether your current certifications, licences or authorisations will be valid post-Brexit.
  • If you rely on UK Notified Bodies for conformity assessment certificates, these certificates will no longer be valid after Brexit. You must source an alternative Notified Body in the EU. This may involve transferring certificates to another member state or obtaining new ones altogether. You can check the EU Commission NANDO website for a list of designated EU Notified Bodies.
  • The National Standards Authority of Ireland (NSAI) has prepared useful factsheets that you can consult for further information.

Businesses sourcing products from the UK:

  • If your company sources products from the UK post-Brexit, you will no longer be considered a distributor but instead be classified as an importer. In certain instances, this carries additional responsibilities. These may include checking whether your manufacturers have carried out the appropriate assessments, documentation and legal obligations.

Businesses importing chemicals:

  • If you plan on importing chemicals from the UK after Brexit, you will need to ensure that the import of these products comply with EU regulations. The Health and Safety Authority (HSA) operates a Chemicals Helpdesk which can assist businesses with questions associated with the import of chemical products.

For more information, please see the European Commission Q&A for guidance on industrial products post-Brexit (PDF, 403KB).

Currency Movement

Since the Brexit vote, the value of Sterling has depreciated approximately 13% against the Euro and is expected to remain volatile as political and economic uncertainties continue.

Currency exposures for businesses stem not only from the transaction exposure of translating Sterling sales at a weaker rate, but also from reduced competitiveness against now cheaper local UK alternatives.

Estimate potential currency exposure by identifying the extent by which any Sterling denominated revenues are not offset by Sterling costs. In particular, it is important to test the impact of 10-15% currency changes on your costs of inputs, sales prices and profitability.

In order to protect your business from financial shocks you could consider hedging; talk to your bank about hedging options. Hedging is a strategy aimed at minimising or eliminating risk, normally involving positions in two different markets, with one offsetting the other. Derivatives – futures and options – are widely used for hedging purposes because they can protect an investor against changes in the spot value of an underlying asset or currency.

The Department of Business, Enterprise and Innovation has produced a leaflet on Currency Risk Management for SMEs.

Working Capital and Financing

Most of the Brexit impacts set out here will have an impact on your working capital needs. You need ensure that you can access additional liquidity if you need it.

Working Capital and Financing: What can I do now?

  • Ensure your business has sufficient liquidity in place, including debt and revolving credit facilities to withstand potential shocks. “Revolving credit” is a credit line for a fixed sum that is automatically renewed once the whole sum (or an agreed portion) has been repaid.
  • If you haven’t already done so, consider applying for a working capital loan under the Brexit Loan Scheme. Once you have a sanction in place from one of the participating banks, it will be available for draw down as soon as you need it and remains valid for four months.
  • If you are a Microenterprise (employing less than 10 people and with turnover of less than €2 million p.a.) you can also access loans of up to €25,000 from Microfinance Ireland. You can apply through the LEO network, or directly through MicrofinanceIreland.
  • Review covenant calculations and headroom to pre-empt breaches as a result of earnings and foreign exchange weakness and engage with lenders. A “covenant” is a clause in a corporate bond agreement in which the issuer makes certain promises designed to protect the bondholder. These could involve commitments on debt-equity levels, dividend payments, cashflow, etc. Sometimes called protective covenant or restrictive covenant.
  • Review all relevant cashflow forecasts, consider currency assumptions and whether updating is required. 

Data Protection

Transfers of Personal Data from Ireland to the UK (including Northern Ireland) in the Event of a No-Deal Brexit

Brexit, particularly in the case of a 'No Deal' scenario, will have an impact on the Data Protection obligations of Irish businesses and organisations which transfer Personal Data to the UK (including Northern Ireland). In the event of a “No Deal” or “hard” Brexit, the UK will become a “third country” for the purposes of the General Data Protection Regulation (the “GDPR”) and transfers of Personal Data to the UK (including Northern Ireland) will be subject to the rules on International Transfers to Third Countries.

If your business involves the transfer of Personal Data to or from the UK (including Northern Ireland), you will need to ensure that sufficient safeguards are in place so that you can continue to transfer these data post-Brexit.

Can you give me some examples of where my business could be transferring Personal Data to the UK (including Northern Ireland)?

Some common examples of ways in which you could be transferring Personal Data to a UK (including Northern Ireland) based business would include:

  • Where you are using a UK (including Northern Ireland) based marketing business to send marketing communications to your customer database.
  • Where you are using mailing lists to communicate with UK (including Northern Ireland) based clients.
  • Where you are transferring your employee data to an out-sourced service provider located in the UK (including Northern-Ireland) for your ICT, payroll, pension or HR administration services. You should also check whether your occupational health provider is based in the UK (including Northern Ireland).
  • Where you are transferring your employee, customer or supplier data to a UK (including Northern Ireland) based business for translation/transcribing Services.
  • Where you are using data or cloud storage or website hosting facilities which are located in the UK (including Northern Ireland) that involve the storage of Personal Data (e.g. where you need to log in using a first-name, last-name format).
  • Where you are using a UK (including Northern Ireland) based business to analyse visitors to your website.  

What can I do now?

All businesses are advised to review their existing processes and contracts to assess whether they involve Personal Data transfers to the UK (including Northern Ireland).

Businesses should in cases where they are transferring Personal Data to the UK (including Northern Ireland) consider the options available under the GDPR to enable them to continue to lawfully transfer these data to the UK (including Northern Ireland) in a post-Brexit environment.

Options that can be considered may include:

  • Amending contracts and inserting the model Standard Contractual Clauses (SCCs) - (Article 46 - GDPR). Information on the “model” clauses and a sample set of SCCs (Controller to Processor) can be found on the Data Protection Commission website at: dataprotection.ie/en/media/123.
  • Applying for Binding Corporate Rules (“BCRs”) to be adopted for Group transfers (Article 47 - GDPR).
  • Considering whether any of the derogations provided for under Article 49 of the GDPR apply. It is important to remember that these derogations can only be used in limited circumstance as set out in Article 49(1) and are usually not suitable for “repetitive” or “regular” transfers of Personal Data.
  • Updating Privacy Notices and other data protection documents and website content that set out how your business “transfers” Personal Data (i.e. the “where” and “why” in the data chain). 

Further Information

Further information can be found on the Data Protection Commission’s website

In addition, a new Guidance Note to assist businesses who might transfer Personal Data to the UK (including Northern Ireland) in the event of a “No Deal” Brexit has recently been published by the Data Protection Commission.

A copy of this Guidance Note is available at: Transfers of Personal Data from Ireland to the UK in the Event of a 'No-Deal' Brexit - Full Guidance Note

Sectoral Information

Some sectors are exposed to different Brexit-related issues than others, or are exposed to a greater extent. Below you will find information on sector-specific Brexit-related issues.

Retail

Distribution chains within the retail sector are highly integrated across Ireland and the UK. Many retail businesses, from independent retailers to large international chains directly or indirectly source their stock from, sell into, or move it through the UK.

If you intend to continue to trade with the UK post Brexit or your supply chain is partly dependent on the UK, you need to take steps to mitigate the impact of Brexit.

You need to consider: do you buy directly from a UK business and/or do you source UK products from a wholesaler or distributor?

If you source products from a wholesaler or distributor, do you know where your wholesaler or distributor purchases the product? If they purchase from the UK, then your business could be indirectly affected by Brexit and you should consider how to address this.

If you continue to source your stock directly from, or move it through the UK, you need to ensure that you are familiar with the new arrangements being put in place in relation to customs procedures and/or agricultural inspections; and depending on the type of product you import, you may have to pay tariffs after Brexit, all of which could impact on your current timelines, storage arrangements or cashflow.

Retail: What can I do now?

  • You should contact your UK suppliers, service providers and logistics companies, or your wholesalers and distributors, to seek assurances about the continuity of goods and services that you rely on for your business.
  • You should also check if your non-UK suppliers use the UK as a landbridge as there may be more lengthy lead times for delivery after Brexit and you need to consider the potential impact of this on your business.

If you have any doubts about continuity in your supply chain, you may need to consider the possibility of sourcing your goods or services in Ireland or elsewhere in the EU.

Retail: What supports are available to me?

To help you consider these questions or assess the impact of Brexit on your supply chain there are a number of Government supports available.

  • If you’re unsure where to start, you can contact one of the 31 Local Enterprise Offices (LEOs) across the country who can point you in the right direction. The LEOs also run a Brexit Mentor Programme to support business owners and managers to identify key Brexit exposures and develop robust strategies to address issues and maximise potential opportunities.
  • InterTradeIreland (ITI) offers up to €2,250 to help you engage professional advice to get Brexit ready and runs a Brexit Advisory Service to help businesses with practical advice, support and information on Brexit related issues. ITI also offers a follow-up Implementation Voucher to help businesses enact their Brexit plan.
  • Enterprise Ireland (EI) continue to run a number of Brexit Advisory Clinics across the country offering information and practical support to companies.
  • A €300 million Brexit Loan Scheme is open for eligible businesses with up to 499 employees to innovate, change or adapt in response to Brexit-related challenges. Loan amounts range from €25,000 up to €1.5m, for terms of up to three years and a maximum interest rate of 4%. Loans up to €500,000 unsecured. This may be useful for businesses who have Brexit impacts on their cashflow (conditions apply).

More supports to get your business Brexit Ready – Retail

Construction

There may be many Brexit implications for your construction manufacturing business beyond supply chain and customs.

Do you manufacture construction products?

If you rely on UK-issued certificates, licences or authorisations they may no longer be valid in the EU post-Brexit. To avoid disruption and delays, you will need to take the necessary steps to ensure you are compliant with EU rules.

A vast range of certification and licencing for the construction products market in the EU has to date been conducted by authorities and bodies in the UK. If the UK leaves the EU without a deal, the UK bodies may no longer have the authority to issue certificates or licences within the EU.

This means you will have to either: transfer to an EU authorised body or authority; or obtain new certificates, licences or authorisations issued by a designated EU body or authority.

Construction: What can I do now?

  • If your manufacture construction products you need to check whether your current certifications, licences or authorisations will be valid post-Brexit.
  • If you rely on UK Notified Bodies for conformity assessment and CE Marking; you will need to take the necessary steps to ensure that you hold certificates under the responsibility of an EU27 Notified Body to demonstrate compliance for products placed on the EU market post-Brexit.
  • In practice, this means either arranging for a transfer of certificates from a UK notified body to an EU27 Notified Body, or applying for a new certificate with an EU27 Notified Body. You can check the EU Commission NANDO website for a list of designated EU Notified Bodies.
  • If you buy your materials from or move them to the UK you must give consideration to the potential impacts on your supply chain.
  • If you buy or sell your materials from or to the UK you will need to understand new customs arrangements.
  • On 01 February 2019, the European Commission published Q&A for guidance on industrial products post-Brexit (PDF, 403KB). The document gives guidance in relation to Industrial Products in the event of the UK leaving the European Union without a ratified withdrawal agreement or ordered transition period. It relates to construction products covered by the Construction Products Regulation (EU) No 305/2011.
  • The document follows on from the Commission’s previous publication Notice to stakeholders – withdrawal of the United Kingdom and EU rules in the field of industrial products, dated 10 January 2018.
  • The National Standards Authority of Ireland (NSAI) has prepared a useful construction factsheet that you can consult for further information.

More supports to get your business Brexit Ready

Manufacturing

There may be many Brexit implications for your manufacturing business and it is vital that you examine your exposure and take action to mitigate impacts. 

Manufacturing: What can I do now?

Certificates, licences and authorisations are required for trade in the EU for many types of goods such as manufactured goods covered by EU rules. If you rely on certificates, licences or authorisations issued by UK authorities or bodies, these may no longer be valid in the EU post-Brexit. 

Manufacturing: How will Brexit affect my supply chain?

Do you buy directly from a UK business or do you source your components, goods or services from the UK. Or do you source products from a wholesaler or distributor? You need to understand the risks of Brexit for your business and you can do this now by checking where you source your materials. Your business could be indirectly affected by Brexit and you should consider how to address this. Contact your UK suppliers and service providers, particularly for key ingredients or components, to seek assurances about the continuity of goods and services you rely on for trade. 

Manufacturing: How will Customs affect my business after Brexit?

You need to understand how customs and tariffs will impact your business. If you plan to continue to trade with the UK after Brexit you can take action now by registering with Revenue using your Revenue Online Service [ROS] account for an EORI number which will be required post-Brexit. If you intend to customs clear and import goods in your own name into the UK, you will also need to register with HMRC (the UK’s Revenue and Customs) and it is likely you will also be required to VAT register in the UK. You can learn more about customs here.

In practice, much of the customs requirements can be handled by an agent or operator moving your goods. You will however be responsible for providing your appointed agent with accurate information and with your EORI number. Incomplete or inaccurate information will lead to delays which could cost you money.

If you plan to continue to import/export goods to/from mainland Europe using the UK landbridge you need to understand that Customs procedures will also apply when the UK leaves the EU. There is a simplified Transit customs process for goods using the landbridge, but to avail of it you must put in place a Revenue approved comprehensive financial guarantee. This can take time, so you need to start this process with your financial provider and Revenue straight away to avoid delays and extra costs. You can do this yourself or get your customs agent or logistics company to do it for you but it is important to start the process now to be ready in time. 

How will Brexit affect driving licences?

In the event of a no-deal Brexit the driving licence of a UK licence holder living here in Ireland will not be recognised and the driver will not be able to continue to drive here in Ireland on that licence. The advice to such drivers is that they should exchange their UK driving licence for an Irish driving licence before the 29 March 2019, which is set as the withdrawal date of the UK from the EU. 

How will Brexit affect my CPC (Certificate of Professional Competence) driving licence?

Under current arrangements a UK licence holder resident here in Ireland has an entitlement to make such an exchange. Go to the NDLS for more information. 

Check that Drivers CPC is valid after Brexit. If Driver CPC is UK issues it can be exchanged prior to 29 March 2019 for an Irish Drivers CPC from the Road Safety Authority.

Manufacturing: What supports are available to me?

To help you consider these questions or assess the impact of Brexit on your supply chain there are a number of Government supports available.

  • If you’re unsure where to start, you can contact one of the 31 Local Enterprise Offices (LEOs) across the country who can point you in the right direction. The LEOs also run a Brexit Mentor Programme to support business owners and managers to identify key Brexit exposures and develop robust strategies to address issues and maximise potential opportunities.
  • InterTradeIreland (ITI) offers up to €2,250 to help you engage professional advice to get Brexit ready and runs a Brexit Advisory Service to help businesses with practical advice, support and information on Brexit related issues. ITI also offers a follow-up Implementation Voucher to help businesses enact their Brexit plan.
  • Enterprise Ireland (EI) continue to run a number of Brexit Advisory Clinics across the country offering information and practical support to companies.
  • A €300 million Brexit Loan Scheme is open for eligible businesses with up to 499 employees to innovate, change or adapt in response to Brexit-related challenges. Loan amounts range from €25,000 up to €1.5m, for terms of up to three years and a maximum interest rate of 4%. Loans up to €500,000 unsecured. This may be useful for businesses who have Brexit impacts on their cashflow (conditions apply).

More supports to get your business Brexit Ready

Services

Trade in services is a complex area as there are different conditions and restrictions for different sectors and indeed individual businesses, with no one size fits all response that can be applied to all service sectors or businesses.

Should the UK exit without a deal, it will leave the Single Market which promotes trade in services across the EU through the “four freedoms”, that is, free movement of goods, capital, services and people.

The UK will no longer have to comply with EU law, such as the Services Directive, promoting the harmonisation of standards which recognises each Member State’s standard as equivalent. Other key legislative areas include mutual recognition of qualifications, legal services, data flows, telecommunications and intellectual property which all helps to support services trade.  

The UK will therefore fall-back to WTO rules such as the General Agreement on Trade in Services (GATS) and the General Procurement Agreement (GPA). This will introduce significant change for businesses transacting with the UK both those providing services into the UK and those purchasing services from the UK. 

Services: What can I do now?

  • You should consider your own unique course of action to prepare for a post-Brexit trading environment by examining your supply chain to look at your reliance on the UK markets
  • You could consider whether you want to seek alternative service providers either in Ireland or elsewhere in the EU. Similarly, if you provide services into the UK market, you need to consider your business model
  • You should make yourself aware of GPA thresholds as businesses could potentially be excluded from bidding for a range of projects and contracts that fall below these thresholds
  • You should consider the possible impact of General Data Protection Regulation (GDPR) may have on your business as the UK would be considered a third country
  • Avail of supports available for businesses affected by Brexit

Visit gov.ie/brexit for more on what Brexit may mean for your business and your daily life.

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