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The Transition Period Post Brexit
The Transition Period
Cornwall Chamber of Commerce is aware of the demand from our members and the wider business community for impartial and practical advice to prepare them for the UK's exit transition from the European Union.
We will be updating this section of our site with information from a range of relevant and respected sources and will aim to keep readers in the loop of any events or developments as we watch the Brexit situation unfold.
The UK is in a transition period until 31 December 2020 while the UK Government and the EU negotiate additional arrangements.
Transition Checker Tool
Business preparedness materials
HM Revenue and Customs has published a number of new materials to help traders prepare for the end of the Brexit transition period including:
For more information please see Countdown to Change webinar series.
HMG launches Export Growth Plan to help businesses
The UK government has recently launched their Export Growth Plan with a package of measures to help businesses in England build back better following the pandemic. The Department for International Trade’s (DIT) Export Growth Plan provides additional financial support and expertise, some of which is targeted towards specific regions that are most in need. The plan includes:
£38 million Internationalisation Fund available for Small and Medium-sized Enterprises
64 new International Trade Advisors and an Export Academy in the Northern Powerhouse, Midlands Engine and the South West region.
New policies will allow businesses to grow their overseas trade to help them recover from the economic impact of Coronavirus.
Actions you can take now
Travelling to the EU
You can continue to travel to the EU as normal during the transition period. From the 1st January 2021 there will be new rules to travel to the EU or to Swizerland, Norway, Iceland or Liechtenstein.
Travel to the EU, Switzerland, Norway, Iceland or Liechtenstein will change from 1 January 2021.
Things you may need to do before you go include:
- check your passport
- get travel insurance that covers your healthcare
- check you have the right driving documents
- organise pet travel - contact your vet at least 4 months before you go
There are more things to do if you’re travelling for business. For example, going to meetings and conferences, providing services (even with a charity), and touring art or music.
You’ll need to declare cash of £10,000 or more (or the equivalent in another currency) if you take it between the UK and any other country.
If you’re a business:
- you may need to make a customs declaration if you take goods with you to sell abroad or use for business
- find out what else you need to do to prepare your business during the transition period
Businesses that import and export goods
13th July 2020 News Story:
Major new campaign to prepare UK for end of the transition period - The government has launched a new campaign to help businesses and individuals prepare for the end of the transition period. Read more
12 June 2020 News Story: Government accelerates border planning for the end of the Transition Period read more
12 June 2020 News Story: UK Government will not be seeking an extension to the EU exit Transition Period read more
12 June 2020 News Story: Second meeting of the Withdrawal Agreement Joint Committee
"The UK took the opportunity provided by this second meeting to emphasise the UK’s decision not to extend the transition period. There will be no further opportunities to extend the transition period. The UK will regain its economic and political independence on 1 January 2021 at the end of the transition period and uphold a key demand of the British people."
BCC responds to publication of UK trade tariffs read here
Use this service to check the UK Global Tariff that will apply to goods you import from 1 January 2021. You can also check the difference between what you pay now and what you’ll pay from 1 January 2021.