Brexit Business Risk Analysis

Is your business ready for Brexit?

Businesses now only have a very limited period to prepare themselves for the changes ahead of them. Therefore it is extremely important that businesses plan for the challenges they may face sooner rather than later. Complete our questionnaire to see if your business is at risk from the effects of Brexit.

Step 1

Risk Analysis

The headings below indicate common areas of concern and risk for businesses. If you have a particular issue that you are worried about, please complete the most relevant questions relating to this area.


1. Introduction of tariffs – At the moment the UK pays no tariffs to the EU as part of its single market arrangements, but new tariffs may be levied if we leave the Union.
2. Loss of passporting arrangements - Passporting into the EU from the UK will not be possible following a Brexit unless a special arrangement can be negotiated.
3. Relocation of your client base – Following Brexit some businesses may see European clients withdraw from their market, due to tariffs and additional costs.
4. Changes to VAT and other indirect taxes – The UK is currently bound by the EU VAT Directive, but may be forced to pull out of this arrangement.
5. Significant currency fluctuation – We have already seen sterling decline since the vote to leave the EU and further fluctuations are expected.
6. Security of supply chain – Brexit and subsequent tariffs are likely to affect trade between you and your suppliers.


1. Restriction on inward immigration – The EU and the UK has been quite clear about curtailing the Freedom of Movement arrangements.
2. Visa requirements on EU workers – Should the rules on immigration change existing staff may need to assess their visa status.
3. Visa requirements imposed by other states – Outward travel from the UK may also be affected by Brexit.
4. Employment legislation – The UK is currently bound by EU regulations on working hours and other employment issues.
5. Alternative sources of staff resources and skills shortage – Many EU citizens may be required to leave the UK in the future.

Step 2

Preparation of a plan

Now you have answered questions regarding your areas of concern, let’s see how your plans for Brexit are shaping up. During your planning for Brexit have you considered the following:

Relocation of trading

1. Choice of location
2. Tax jurisdiction
3. Suitable trading structure
4. Language issues
5. Regulations
6. Timescale
7. Governmental grants/funding
8. Effect on existing employees
9. Office costs and accommodation

Business Activity

1. Changes to resources from increased/decreased trade
2. Liquidation of surplus trading entities
3. Recruitment/Redundancy Costs
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