Brexit: Five things to consider
Five key Brexit areas that you might need to think about:
Do you export goods to the EU?
Make sure you have a GB EORI (Economic Operator Registration and Identification)
Do you import goods from the EU?
Review VAT rules for importing at gov.uk/transition
Do you employ EU nationals?
Support your employees through the EU Settlement Scheme
Will currency volatility affect your business?
Assess and understand your currency risk exposure.
Establish a hedging policy and determine whether to engage in hedging based on your understanding of risk-reward and costs.
Hedge currency volatility with an efficient risk-mitigation tool.
Have you mapped your supply chain?
Talk to your banker about your cashflow and invoice finance.