Brexit services

The fallout from the UK’s divorce from the EU could significantly impact your business, now and in the long run. Do you have a Brexit strategy in place?

Hope for the best, prepare for the worst

The only thing that’s certain is uncertainty. Details of a UK - EU trade agreement (if any) expected to be inked over the 2020 transition period are anyone’s guess, so you should (continue to) prepare for both a deal and a no-deal outcome. It’s crucial to (re)assess your company’s readiness and develop and implement a Brexit strategy that covers all aspects of your business at risk of being disrupted by Brexit: supply chain, finances, tax, compliance, governance, IT, HR, legal, operations and more.

Is your tax model still optimised? What are the tariff and transfer pricing implications? Are your contracts up to date? Will your workforce be affected by new immigration rules? Do you need a UK VAT or Economic Operator Registration and Identification (EORI) number?

The ripple effect of Brexit will reach every corner of your business - the time to act is now.

The Brexit clock is ticking

You need a future-proof strategy in place by the end of 2020, or your business could suffer irreparable damage. Time is running out.









Potential requirements: don't delay!

UK VAT or EORI number

Need a UK VAT and or EORI number? Administrative backlogs are expected as companies scramble to apply before the end of the year. To avoid delays, start the process now if you haven’t already.

Customs compliance

Besides the requirement to hold an EORI number, after the transition period you'll need to draft customs declarations for shipments to and from the UK.

Will you engage a customs agent to assist you with customs compliance, or will you file the customs declarations in-house? Have you considered the benefits of available customs procedures like bonded warehousing and inward processing relief?


You have until the end of the year to update your enterprise resource planning (ERP) system to take into account the future trading relationship with the UK including invoicing requirements, potential new business flows, reporting obligations, and more. Start the process now, if you haven’t already.


As of 1 January 2021, after the 'status quo' period, the rights that apply to UK and EU nationals in Belgium according to the principle of free movement of persons will end. UK nationals will be treated as 'other regular' third- country nationals and will be subject to Belgian Immigration rules (visa, work permit, etc.). With regards to social security for new cross border situations between the UK and Belgium, domestic rules will apply if by the end of the transition period no multilateral or bilateral agreement will be agreed upon. This unless the persons concerned can avail themselves of the provisions of the Withdrawal Agreement, providing a right to stay and work, as well as continued coverage by the EU Regulation 883/2004 on coordination of social security. It is thus important that UK citizens residing and/or working in Belgium ensure to consolidate their residence entitlement and social security position before the end of the transition period. Some uncertainties on the specific conditions remain.

Employers also need to prepare for the post-Brexit campaign (if they haven't already): a headcount of UK staff in Belgium and Belgian staff in the UK, assessing the consequences of Brexit after the transition period, providing assistance for employees to apply for the new immigration permits and social security position (both from a contribution and a benefit perspective).

Notified bodies

The impact of Brexit will be high in the area of regulatory requirements and notified bodies.

Are you currently relying on a UK/EU notified body to place your products on the market? Have you considered all Brexit implications in this respect, like CE marking, chemical, medical and food safety requirements? 

What are the risks of being unprepared for Brexit?

What are the risks of being unprepared for Brexit?

No Brexit strategy in place? You risk severe interruptions to your business and a corresponding loss of revenue. You need to be ready to do business with the UK under a new set of rules in less than a year, and failure to have the appropriate measures in place could be detrimental: major disruptions to your supply chain could occur due to goods being held up at the border, VAT and customs rules will change and you could face regulatory and compliance issues, particularly within highly regulated industries such as finance and pharmaceuticals.

You could face immigration red tape with your workforce, loss of funding, increased pricing, and the list goes on. If you don’t have a Brexit strategy, your business could be at risk.

How PwC can help you prepare for Brexit

Our multidisciplinary PwC Brexit team draws on deep expertise and experience to work with you to develop and implement the Brexit strategy that’s right for your organisation. We’ll assess your Brexit readiness, identify the factors most likely to affect your business and estimate their potential impact. Our Brexit specialists will then help you determine and execute your customised Brexit strategy to mitigate risk and minimise the interruption of business.

Managed services

Do you lack the time and/or resources to effectively implement your Brexit strategy? PwC’s managed services may be the solution. Our dedicated specialists work alongside you as part of your team, in whatever capacity you require: finance, tax, VAT, customs - we apply best practices throughout your Brexit transition and beyond, freeing up time for you to focus on your core business.

Why PwC?

Our technology-enabled Brexit experts take a holistic approach to cover every facet of your organisation impacted by Brexit, everywhere you do business. We’re a global team of highly experienced tax, international trade, supply chain, legal and finance specialists that’s been helping organisations prepare for Brexit since it first made headlines in 2016.

Using our proven Brexit methodology and PwC-developed landmark digital solutions, we’ll assess your readiness and provide your organisation with the resilience to navigate the uncharted waters of Brexit, from Strategy through Execution.

Our digital Brexit solutions

Brexit assessment tool

Brexit Assessment Tool

Do you know the cost of Brexit to your business? PwC’s Brexit Assessment Tool quantifies estimated duty and VAT and calculates your cost of compliance.

Find out more

Global Trade Tool

PwC’s unique trade analytics platform provides a customisable, comprehensive dashboard view of your import and export activity.

Find out more

Contact us

Lionel Van Reet

Lionel Van Reet

Partner, PwC Belgium

Tel: +32 497 05 11 81

Pascal Janssens

Pascal Janssens

Partner, PwC Belgium

Tel: +32 476 87 52 24

Claire De Lepeleire

Claire De Lepeleire

Director, PwC Belgium

Tel: +32 475 91 08 68

Pieter Deré

Pieter Deré

Director, PwC Belgium

Tel: +32 498 48 95 11

Connect with PwC Belgium