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.