Enterprise Ireland continues drive to encourage companies to get Brexit ready and take action
12 ‘Brexit Essential’ questions outlined to get businesses ready for Brexit
Enterprise Ireland has this week revealed 12 ‘Brexit Essential’ questions which will help businesses further prepare and take action ahead of the UK’s impending withdrawal from the EU.
The Brexit Essentials campaign highlights the key questions and documentation that businesses need to address in order to trade successfully with the UK post 31 October.
12 Brexit Essential questions
| Customs | |
| 1 | What is your EORI number? |
| 2 | What is the commodity code for your products? |
| 3 | What is the country of origin for your products? |
| 4 | How will you manage customs procedures i.e. in-house or via a broker/agent? |
| Strategic Sourcing | |
| 1 | What % of your goods are sourced from or through the UK? |
| 2 | What alternative supplier(s) have you identified for your contingency plans? |
| 3 | Which UK supplier will have the greatest Brexit impact on you? |
| 4 | What steps have you taken to enhance your UK supplier relationships? |
| Financial & Currency Management | |
| 1 | What is your break-even € / £ exchange rate for your UK business? |
| 2 | How much extra funding will be required to support your Brexit action plan? |
| 3 | Which steps have you taken to reduce the risks of adverse FX movements? |
| 4 | What is the impact of Brexit on your company’s cash flow? |
For more information go to : https://www.enterprise-ireland.com/en/News/PressReleases/2019-Press-Releases/Enterprise-Ireland-continues-drive-to-encourage-companies-to-get-Brexit-ready-and-take-action.html
