The end of the transition period, how does the tech sector prepare?

Businesses must be prepared for new trading arrangements which come into effect on 1 January 2021

Between 31 January 2020 and December 31 2020 the UK is in a transition period from its position as an EU Member State to being fully outside the EU Single Market and Customs Union. During this transition period most business conditions (unless explicitly stated in the Withdrawal Agreement) remain unchanged.

The UK Government and European Union have negotited a Trade and Cooperation agreement to set the terms of trade between the UK and EU from 1 January 2021 onward.

However even with this deal there will be a significant change in business conditions requiring additional steps for business to trade goods and services. Businesses across the tech sector must therefore be prepared for the new terms of trade on 1 January 2021.

As the new relationship takes effect there may be some disruption. techUK remains in close contact with the UK Government to alert them to any impacts on businesses, please get in touch with any impacts that you are facing at [email protected]

Checklists to help you prepare from the UK Government: 

 

Additional resources from the UK Government and UK regulators:

 

Resources from techUK:

 

Resources from the European Commission:

 

For any further questions or requests please contact Neil Ross who leads on techUK’s work on the UK-EU future relationship. Details can be found below.

 

Neil Ross

Neil Ross

Head of Policy, techUK