It is time to act
Whatever form it takes, Brexit will cause disruption and uncertainty. With time running out before the United Kingdom leaves the Single Market and the Customs Union, businesses need to prepare for every eventuality.
Is your business ready for Brexit?
- Have you analysed the impact of tariffs on your sales margins and cost base?
- Have you identified how increased customs duties and import VAT will influence your cash flow?
- Do you have sufficient legal, tax and customs expertise to deal with new regulatory requirements?
- Have you obtained the necessary registrations, permits and authorisations to be able to continue your business without interruption after Brexit?
- Have you considered how Brexit will impact your supply chain and operations (delivery times, warehousing needs, stock levels, etc.)?
How we can help
While there is still uncertainty around the final outcome of the Brexit process, there are a set of actions that you can take now to ensure that your business is Brexit-ready.
Our multidisciplinary team of legal, tax and customs specialists is here for you, ready to help you to:
- assess and clearly present the financial and operational impact of Brexit on your business
- design a Brexit strategy for your business to mitigate risks leverage opportunities
- implement the Brexit strategy and obtain the necessary registrations and authorisations in the territories where your business operates
Our support to clients is based on our software solution Brexit Assessment Tool and a unique Brexit Process Methodology. We work with a multidisciplinary team to provide our clients with comprehensive assistance across different jurisdictions.
Brexit Assessment Tool
Do you know the cost of Brexit to your business? Our proprietary Brexit Assessment Tool:
- uses your data to deliver a tailor-made dashboard that quantifies estimated customs duty and VAT based on a ”Hard Brexit” scenario
- and calculates the estimated increased compliance cost for lodging import/export declarations.
Calling on transactional Intrastat data potentially supplemented with customs data, we can not only calculate the likely financial impact, but also pinpoint areas of potential opportunity to optimise costs going forward.
With 29 March 2019 only weeks away, the time to plan for the departure of the UK from the EU is now!
Brexit Process Methodology
Based on our experience with other Brexit projects, we have developed a four-phased Brexit methodology which takes into account the key areas affected by Brexit:
- Customs/Supply chain
- Tax & Finance, Legal
- People and Organizations
- Governance
Multidisciplinary Brexit team
Our multidisciplinary team will be pleased to assist you in making sure that you have a successful Brexit strategy in relation to different specific areas of your business, such as:
- VAT, customs and excise duties
- direct taxation, contracts, intellectual property
- supply chain and operations
- data protection, trademarks, GDPR
- product certification, corporate structure, regulatory
- HR, workforce and global mobility/immigration, etc.
We will also help you to obtain the necessary registrations (e.g. VAT, Intrastat) and introduce customs solutions which will best suit your business needs in the post-Brexit reality (e.g. bonded warehouse, inward processing, AEO status).
Whenever needed, we will engage the PwC UK firm and other firms of the PwC network to address your Brexit-related needs in different jurisdictions, with PwC Belgium remaining your one-stop shop for convenient and efficient communication.
PwC experience
As a leading tax and legal advisory firm, we have been helping numerous multinational and local clients to prepare and execute Brexit strategies. Our comprehensive support focuses on both mitigating risks and costs of Brexit, as well as leveraging simplification options and opportunities available to our clients in the post-Brexit world.
Testimonial…. To be provided
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