Brexit Hub

We are guiding businesses and individuals through the new economic landscape now that the UK has left the EU. You can find the latest updates and technical insights in our Brexit Hub.

Ahead of a potential no-deal Brexit, the Government has announced that it will start automatically enrolling UK firms in the customs system. As a result, this will enable UK businesses to continue to trade with European Union (EU) members after the UK leaves the EU. HM Revenue and Customs (HMRC) has confirmed that all VAT-registered
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According to the latest industry research, 2.5 million (44 per cent) UK small and medium-sized enterprises (SMEs) are struggling with cash flow as they prepare for Brexit. Research indicated that in the second quarter almost a third (29 per cent) of SMEs are actively using funding and sourcing external finance, a six per cent increase
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According to the latest research from the Independent Chartered Accountants of England and Wales (ICAEW), late payments are more of a problem for businesses than they were last year. The latest ICAEW figures have revealed a concerning rise in issues with late payments with 24 per cent of small or medium-sized enterprises (SMEs) reporting that
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The Government is encouraging UK small and medium sized enterprises (SMEs) to register for funding to help them cope with a new customs system following a potential no-deal Brexit. In December, the Treasury and Revenue & Customs unveiled an £8 million training fund for companies and trade intermediaries such as freight forwarders to apply for.
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The Government will establish 10 new ‘Freeports’ in a bid to boost growth and encourage trade after the UK leaves the EU. In an announcement made this week, the Department for International Trade (DIT) has invited ports and airports across the UK to bid to become one of 10 Freeports after 31 October 2019. Freeports
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The total value of UK goods and services exports increased by four per cent in 2019, a new report has revealed. The statistics have been published as part of the Office for National Statistics’ (ONS) new analysis of the UK economy. The figures show that despite ongoing political uncertainty and the looming global threat of
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More than seven in 10 small businesses have held back on investment while Brexit uncertainty continues to loom overhead, a new study has revealed. The finding forms part of the Federation of Small Businesses’ (FSB) latest report into UK productivity. According to the data, small firms are “struggling to expand, hire and raise productivity” as
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New research has found that the total value of UK SMEs has reached more than £3 trillion – with the average small business now worth £2.9 million. The study by MarketInvoice found company valuation is something that two-thirds of owners consider a top priority and something they think about all the time. Business owners cited
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Businesses across the UK are being encouraged to increase their readiness for a no-deal Brexit. The Institute of Directors (IoD) said that, while all firms should be preparing for a no-deal Brexit, it had found that fewer than half of businesses had plans in place. The IoD has also called on the Government to make
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Despite ongoing Brexit and political uncertainty, exports across the UK have surged to record levels. The new statistics form part of the Department for International Trade’s (DIT) new report into global trade. The data, published this week, shows that every UK region – including England, Scotland, Wales and Northern Ireland – recorded a “greater value
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Members of the Federation of Small Businesses (FSB) have called for an “end” to late payments as they continue to threaten the survival of businesses up and down the country. The campaign, launched today, calls on the Prime Minister Theresa May to use her “final days” to “push through the late payments reform package” announced
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According to a recent British Chamber of Commerce (BCC) survey, three in five businesses (58 per cent) believe the tax system is “fundamentally unfair”. The figures have revealed that out of 1,000 respondents, 67 per cent said they don’t feel HM Revenue and Customs (HMRC) apply tax rules fairly across all businesses. The survey also
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If you have questions for us that are not answered by the resources in this hub, then please get in touch to speak with our Brexit Advisory Team.

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At the start of 2021, there were estimated to be 5.6 million UK private sector businesses. Small and medium-sized enterprises (SMEs) are the lifeblood of the country, accounting for 99.9 per cent of all businesses across the UK. According to a survey commissioned by Sage, SME's acknowledge that their operations would struggle to function efficiently without
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