The Irish government has issued a reminder to businesses to prepare for Brexit, and has highlighted the following nine steps that businesses can take in advance of the UK’s departure:
- Understand the new rules for UK importing and exporting;
- Review your supply chain and UK market strategy;
- Be aware of possible changes to transport and logistics;
- Review all your certification, regulation and licencing;
- Review your contracts and data management;
- Ensure you are maximising Government Brexit programmes and supports;
- Manage your cash flow, currency and make sure your banking is in order;
- Protect and inform your staff; and
- Know more about the impact to your sector.
The government is concerned that businesses in the following six sectors have low levels of Brexit preparedness:
- Smaller businesses who may not realize they are trading with the UK;
- Construction businesses;
- Manufacturing companies;
- Agrifood businesses, particularly those in food production;
- Retail particularly independent shops, and hardware stores who source products from or through the UK.; and
Further information is available at www.gov.ie/brexit.
This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.