Government guidance for a no-deal Brexit – updated

The Government boosted its guidance for a no-deal Brexit in the second edition of its Partnership Pack, aimed at helping trade bodies and agents – such as accountants – to advise businesses on the changes they should expect.

The pack is a wide-ranging set of resources, from useful initial ‘primers’ to niche technical guidance. With the increasing possibility that no deal will be reached, we recommend AAT accountants and bookkeepers some of the documents so they are ready to advise their clients.

The full pack can be viewed here.

Highlights to help you

For an overview of border changes, including customs, excise, VAT and regulatory changes, review

• Partnership pack: preparing for changes at the UK border after a ‘no deal’ EU exit

Many businesses will find themselves importing and exporting for the first time.

For a primer on importing, go here:

• Step-by-step guide to importing

For more on exporting, go here:

• Step-by-step guide to exporting

August 2018

The Government has published a set of contingency guidance notes in case Brexit results in the UK leaving the EU without a deal.

The guidance covers a wide range of topics, from the stockpiling of medicines, to border controls for goods.

AAT will be publishing links to documents with specific relevance to the accountancy profession. We will also be adding commentary where necessary.

Relevant documents:

• VAT for businesses if there’s no Brexit deal
• Banking, insurance and other financial services if there’s no Brexit deal

The full list of documents can be accessed here:

• How to prepare for no-deal brexit.

David Nunn is Content Manager at AAT.