5 Brexit planning tips from CFOs to help your business
Brexit planning should be an important consideration for your business. CFOs from Honda, BMW and Hays share their Brexit planning stories and advice.
The current date for the UK’s exit from the EU is 31 October 2019.
If a Withdrawal Agreement is not approved and implemented ahead of 31 October, the UK will leave the European Union without a deal. If a Withdrawal Agreement is ratified by the UK and the EU before 31 October, then the withdrawal would take place on the 1st of the following month. The UK would then move into a transition period between that 1st of the following month and at least December 2020 for companies to implement changes. If a Withdrawal Agreement hasn’t been ratified by the end of May then the UK must participate in European Parliamentary elections for the 31 October deadline to remain in effect.
Brexit planning should be an important consideration for your business. CFOs from Honda, BMW and Hays share their Brexit planning stories and advice.
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Read this to understand the Brexit impact on business, the challenges business owners face and how to prepare for when the UK leaves the EU.
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Rest assured, we’ve been handling compliance, legislation, and global changes with businesses for over 30 years, so our experience speaks for itself.
We’re working behind the scenes to ensure that your business software is covered and you have all the information and tools at your fingertips once a decision has been made.
We have robust governance procedures in place to manage preparations, comprised of many stakeholders including industry and government specialists to ensure that we are ready to help you handle the impact of Brexit on your business.
Sage legal disclaimer
The information contained on this website is for general guidance purposes only. It should not be taken for, nor is it intended as, legal advice. We would like to stress that there is no substitute for customers making their own detailed investigations or seeking their own professional advice if they are unsure about the implications of Brexit on their businesses.
While we have made every effort to ensure that the information provided on this website is correct and up to date, Sage makes no promises as to completeness or accuracy and the information is delivered on an “as is” basis without any warranties, express or implied. Sage will not accept any liability for errors or omissions and will not be liable for any damage (including, without limitation, damage for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or reliance on this information or from any action or decisions taken as a result of using this information.
