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Sales and supply chain

The UK Brexit transition period ends on 31 December 2020. This page brings together guidance and news from ICAEW, as well as externally-produced resources providing practical information on inventory planning and supply chain issues.

Need to know

Inventory planning and Brexit

Brexit provides an opportunity for businesses to consider the information they hold on their supply chains/inventory as well as their approach to continuity planning. Read our guide to assist you in balancing the costs of these exercises with the potential benefits.

Latest news and insights

Brexit planning: part of business resilience

21 October 2020: The Brexit conversation used to revolve largely around processing forms. Now it is more about the CFO grasping that Brexit is a key part of business resilience. This is this view of Tim Morris, Chief Executive of UK Major Ports Group.

Guides and FAQs

Brexit guide - inventory planning

Brexit provides an opportunity for businesses to consider the information they hold on their supply chains/inventory as well as their approach to continuity planning. Read our guide to assist you in balancing the costs of these exercises with the potential benefits.

Inventory planning and Brexit

Brexit provides an opportunity for businesses to consider the information they hold on their supply chains/inventory as well as their approach to continuity planning. Read our guide to assist you in balancing the costs of these exercises with the potential benefits.

Webinars

The trading landscape after Brexit - the customs perspective

The departure of the UK from the EU in March 2019 is a once in a generation change of profound significance. In July 2018, ICAEW and Chartered Accountants Ireland teamed up to publish a guide to Brexit designed to help our members advising UK and Irish businesses how to navigate this seminal change.

AI for accountants: Technology for the future of your practice

Nuno Godinho, Executive VP of product delivery at SAGE, in this webinar outlines the concept of a virtual finance director and the developments in software and communications and other technologies that enable accountants and business to operate in this way.

External resources

Trade tariffs

Tool from the UK Government to look up commodity codes, duty and VAT rates

Market Access Map

Tool that allows you to identify customs tariffs, tariff rate quotas, trade remedies, regulatory requirements and preferential regimes applicable to your product. Includes a library of 400+ trade agreements. Funded by the EU and GRIPS.

Three lessons from Covid-19 to apply to Brexit plans

Article from Supply Management magazine (CIPS) highlighting lessons from Covid-19 that can be applied to planning for the end of the Brexit transition period on 1 January 2021, including the need to measure suppliers' capabilities and the reprioritisation of technology. 

Avoiding Brexit stock gaps

Article from Supply Management magazine (CIPS) explaining how a short survey of your supply chain can help you see beyond your tier-one suppliers and provide the information needed to build up a realistic buffer.