HMRC releases updated ‘no deal’ guidance and KPMG’s Brexit page continues to provide practical guidance for business.
Last week saw HMRC publish an updated ‘Partnership Pack’ to help businesses plan for a ‘no deal’ EU exit. The pack is intended to help businesses (and their advisors, suppliers and other key stakeholders) with their contingency planning and focuses on how VAT, Customs and Excise could be affected. It includes information split by topic and audience, as well as flowcharts. In addition, KPMG continues to provide practical guidance and insight to businesses grappling with the challenges of planning for Brexit on our ‘Navigating Brexit’ website. This includes issue and sector based analysis and opinion, practical guidance on how to prepare and ‘The Brexit Column’, providing insight and thought leadership on the latest Brexit developments.
Partnership Pack on gov.uk
HMRC’s ‘Partnership Pack’ (so called as it sets out how HMRC will work in partnership with organisations, intermediaries and infrastructure providers) was updated and republished on 15 November. It sets out in detail the ‘no deal’ EU exit considerations for: customs and excise; UK trade tariffs; VAT for business; trade remedies (protection against unfair trading practices and unforeseen surges in imports); and trading in regulated goods post exit.
This pack will be of interest to any business with EU activity – whether through trade with or the provision of services to the EU, or as a result of a cross border supply chain or a dependency on cross border business travel. In addition to general, non-sector specific guidance, the pack also considers certain specific industries (including those focused on agrifood, animals and plants; chemicals; alcohol; and transportation). This pack supplements the ‘no deal’ technical papers published by the Government on 23 August 2018, on a wide range of topics, including VAT and trading with the EU.
KPMG’s ‘Navigating Brexit’ website
Our ‘Navigating Brexit’ website has lots of issue and sector based insight and analysis. Each week, our Brexit Column is updated with an analysis of a topical Brexit matter, with a focus on practical guidance for businesses. We also summarise a number of the more common areas of concern for business – such as supply chain, financing and employees. We set out some case studies describing our work in these areas, and provide you with key contacts within the UK firm.
If you are particularly concerned about people related matters, whether immigration, workforce planning, business travel or social security, please do listen back to our most recent Employers Club webinar, held on 20 November. This covers all of these areas, explaining what the issues are and how companies might start to address their concerns.