WHERE’S NEXT FOR LUXURY?
In-person and digital tickets
for Walpole members and
non-members available now
Monday 29th April
at The Londoner
Buy tickets here
Brexit

Helping Walpole members with no deal planning

Walpole recently met with the DCMS to discuss Walpole member preparations for a no-deal Brexit.
27th Feb 2019
Brexit  Helping Walpole members with no deal planning

With less than a month to go until 29th March, Walpole members are united behind their opposition to a no-deal Brexit. However, even with the most recent political developments and potential for the extension of Article 50, the guidance Walpole has been given is that members should continue with no-deal Brexit preparations. Walpole recently met with representatives from the DCMS and DIT who shared with us a number of technical notices relevant to our sector - concerning multiple no-deal scenarios - and over the coming week we will be sharing these with you.

Our final focus on no-deal Brexit planning for members is the DIT Partnership pack: a indepth guide to preparing for changes at the UK border after a ‘no deal’ EU Exit. Please click here to read this pack, and below to read the previous notices we have shared over the past week.

Previous Technical Notices:
Funding
Horizon 2020 funding in the event of a NDB
Data
General guidance in the event of a No Deal

Six steps for businesses to take to prepare for a No Deal Brexit
Freedom of Movement / Talent
Passport rules for travel to Europe after Brexit in the event of a No Deal Brexit (NDB)

UK passports with less than six months to run will not be accepted for travel in the Schengen area.

UK Settlement Scheme
Intellectual Property
IP and Brexit (the facts) guidance Patents Trademarks and Designs Copyright Exhaustion of rights  (The UK will continue to recognise the EEA exhaustion regime, but there is no guarantee of reciprocation from the EU.)
Trade
EORI numbers (for businesses trading with the EU who wish to continue trading in the event that the UK exits the EU without a deal)

Customs procedures in the event of a NDB

Imports into the EU from outside the EU

Goods traded between the UK and the EU after 11pm on 29 March 2019 will be subject to the same requirements as third country goods, including the payment of duty and import and export declarations. For UK exports arriving at the EU border, the EU will require payment of customs duty at the rate under the EU’s Common Customs Tariff.

Supply chain: please see page 47 of the DIT presentation for supply chain impacts, p100 for information about changes to transit systems and p113 for information about warehouse storage.

eCommerce

VAT for businesses in the event of a NDB 

See page 25 of the DIT presentation: You will still be able to use the EU VAT registration number validation service, but UK VAT registration numbers will no longer feature on it. HMRC is developing a system to validate UK VAT numbers should there be a no deal.

International VAT guidelines

We also thought it helpful to clarify what ‘no-deal’ Brexit actually means in practice - the government has shared a note for businesses on what happens to existing trade agreements if the UK leaves the EU without a deal, and can be read here.

The technical notices are very accessible and should cover the majority of issues that you may face. If there are any areas where you feel like more information is needed, please contact [email protected].

Related Articles

Lauren Dickinson Clarke curates our latest Walpole Weekend Wind-Down playlist
Walpole Weekender
28th Mar 2024
Lauren Dickinson Clarke curates our latest Walpole Weekend Wind-Down playlist
Every month, we ask a different Walpole member or partner organisation to put together a playlist to help you transition into weekend mode after yet another high-stress week at work. For April, scented candle and home accessories brand Lauren Dickinson Clarke has shared a playlist tranquility and enlightenment to the end of your week
Walpole's Anna Maude shares her Out of Office essentials
Out of Office
22nd Mar 2024
Walpole's Anna Maude shares her Out of Office essentials
In our Out of Office interview series, we speak to Walpole member and partner executives at the top of their game about how they live their lives away from their desks – the habits that help them decompress, the activities that re-centre their minds, and the little luxuries that they can't live without. This week, we talk dog walks, dirty martinis and phone drawers with Walpole's Executive Assistant & Head of Programme, Anna Maude
Helen Power on crafting her career in the luxury sector
Women in Luxury
21st Mar 2024
Helen Power on crafting her career in the luxury sector
Women in Luxury is our content series dedicated to celebrating the careers, community and creativity of women executives across the Walpole membership, as well as highlighting the challenges women still face. This week, we speak to Helen Power, Marketing and Communications Manager for English sparkling wine producers, Simpsons’ Wine Estate