How could this affect your company?
The major issue at the moment is knowing how much your business will be affected by Brexit and by the new agreements in place. The trading relationships between both parties will be affected in a number of ways. The main changes will relate to regulations, logistics, taxes and customs charges.
Want to find out more about how Brexit will or could affect your company?
Contact your relationship manager now to discuss your options.
- Regulations on products (such as certificates of origin, labels, compliance checks and product certificates).
- Changes in market access rules, on contracts and legal disputes, on data protection, on intellectual property protection and on territorial licensing.
- HR and mobility policies (such as immigration, social security and employment and personal tax laws).
- Customs, border controls (such as inspections, export licences and market entry formalities) and potential delays.
- Changes to import and export documents and processes, and increased prices following changes to supply management.
- Stock management, and relocation and optimisation of premises and production units.
- Taxes on companies: European legislation on direct taxation will no longer apply.
- Import duties and customs tariffs.
- VAT refunds and filings, invoicing process, certificates and IT changes.
But that's not all! In addition, you must not underestimate how capital circulation, access to public contracts or investments, and even competition aspects might be affected, as well as many other things...
The FPS Economy has also created the Brexit Impact Scan (FR | NL | DE). Thanks to this online tool, you will be able to assess how Brexit will affect your company and get a customised analysis of your situation simply by filling in a questionnaire.
How can we support you?
You can rely on our expertise at any time to support you in this new era of trade relations between the European Union and the United Kingdom.
- Would you like to protect your margins against volatility on the currency market?
- Are you hoping to protect your company against inflation risks or potential volatility in the prices of raw materials?
- Do you have questions about your future payments to the United Kingdom?
- Are you hoping to cover your working capital requirements?
- Is there a risk that your suppliers won't pay you?
- Do you run an import/export business and want to find out more about customs formalities?
We will be able to give you answers to these questions (and many more) and provide you with solutions that will help you to protect your company, your operations and your employees. We will take the time to properly determine your profile so we can provide you with the right solution.
The BNP Paribas Group supports companies based in the United Kingdom or which have links to the United Kingdom. As a customer, you can count on our support during this new era.
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