How will Brexit affect businesses? 12 things you need to know
How will Brexit affect businesses? Read this article for 12 answers to questions your company may have as the UK prepares to leave the European Union.
Working on clarity and certainty for our customers, whatever the outcome.
Brexit is the impending withdrawal of the United Kingdom (UK) from the European Union (EU).
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. Sage has project teams who are focusing on preparing for implementations influenced by Brexit, which is endorsed by the Sage Board.
In addition, Sage has robust governance procedures in place to manage preparations for Brexit. These include the Sage Brexit Forum and the Sage Brexit Programme, comprised of many key stakeholders, to ensure all areas of our business and products will be ready for Brexit, irrespective of whether a Withdrawal Agreement is reached.
How will Brexit affect businesses? Read this article for 12 answers to questions your company may have as the UK prepares to leave the European Union.
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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 legal 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.