What a year! With 2021 well underway and Brexit seemingly “done”, some people have understandably been left confused about what it means for their business. Between the pandemic and Brexit, there are very few things that we can control right now. However, what we can take charge of is how we respond to these challenges. In other words, how prepared we are. And that’s where we come in.
My name is Babs, and I run law firm Jamieson Law. We’re a law firm with a difference. We focus on helping small businesses and start-ups navigate their way through the treacherous legal waters, with simple language, fixed fees, and a helpful ear at the other end of the phone.
We have been overwhelmed with Brexit queries over the past few months. At the end of 2020 the question was “what do we do if there’s no deal?” Now it’s a case of “we have a deal, but what does it actually mean?” Everyone is puzzled, and I’m not surprised - it’s hardly straightforward.
As retailers, in many cases you will be reliant on EU companies for the goods that you sell. So, what are the key things that you should be doing to make sure your business is “Brexit ready”?
Importing from the EU
This applies to you if you are importing products from EU businesses. There are a few steps you need to follow:
It is up to you which option you choose. Personally, I’d always prefer to outsource to the experts, but this will of course depend on your budget. You may also really enjoy filing those customs forms! If you do want to run this process yourself, you can find information on the software you need, here.
“Origin” doesn’t just refer to geography. It can mean where value was added to the goods. For example, if you have a supplier from Belgium who imports raw materials from China but manufactures LVT in Belgium, then the LVT is likely to have originated in Belgium.
Why is this important?
Getting this process right is imperative to you getting your goods into the UK. Otherwise, we’re talking surprise customs tariffs, issues with VAT and HMRC, and potentially delay in getting your goods to your customers. Not what you want. This is a significant upheaval for UK businesses, and I understand it’s daunting right now. Over time, however, this process will become much the same as importing from a country like the U.S.
At Jamieson Law, we pride ourselves on helping small businesses understand their legal obligations and trying to make everything that bit less daunting. If you feel like you could benefit from some one-to-one advice on Brexit, or any other legal matter, please take advantage of our free 15-minute legal advice calls. These are not sales calls; just our way of giving back to the business community. You can book a slot here.
Babs Jamieson is CEO and Solicitor at Jamieson Law Ltd, she is qualified in England, Scotland, New York and California, and advises on a wide range of corporate and commercial law matters.
Babs saw the issues with the legal sector and was on a one-woman mission to shake things up! She has worked in big law firms, and with lots of small to medium-sized businesses, and knows there is a disconnect between what clients are looking for, and how big firms treat their clients.
Babs places huge value on building relationships - understanding a client’s business, supporting a growth journey, and being that port of call along the way. She believes that all legal advice should be easy to understand, straightforward and easy to apply. You won’t find any legal jargon or ass-covering legal opinions here! You can connect with Babs on LinkedIn here.