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Brexit impact on industry sectors

The UK Brexit transition period ended on 31 December 2020. New rules apply from 1 January 2021. This page brings together guidance and news from ICAEW, as well as externally-produced resources providing practical information for specific business and industry sectors.

Need to know

Sector specific Brexit transition actions

Government guidance for businesses explaining five actions they should take now, along with links to detailed sector-specific information. The guide covers the aerospace, automotive, chemicals, construction, consumer goods, electronics and machinery, life sciences, metals and materials, professional and business services, and retail sectors.

Latest news and insights

Tax news in brief

24 November: Highlights from the broader tax news this week includes: HMRC begins checks on 'Eat Out' scheme payments, no clarity on Budget date, government guidance for staff dealing with social security applications post-Brexit and gender pay gap reporting when employees have been furloughed.

Seafood and meat exports to the EU

Report from the House of Commons Environment, Food and Rural Affairs Committee. Areas considered include how the TCA has affected seafood and meat exporters to date, the effect on the market for British exports, the longer-term structural issues that now affect businesses and how some of these barriers to trade might be reduced.

The impacts of EU exit and COVID-19 on UK trade in services: July 2021

Analysis from the ONS of UK trade in services in the context of the ongoing COVID-19 pandemic and the end of the EU transition period on 31 December 2020. Sectors covered: Government; Personal, cultural and recreational; Other business services; Telecommunications; Intellectual property; Financial; Construction; Travel; Transportation; Maintenance and repair; Manufacturing.

Trade and co-operation with the EU: Six months on

Report from Make UK exploring the key trends experienced by UK manufacturers in the early months of 2021. Examines the impact of the new trading relationship with the EU, including what has been challenging, what has improved and what obstacles remain for manufacturers.

Working and touring in Europe - guidance for the fashion sector

Checklist from the Department for Digital, Culture, Media & Sport for fashion professionals working, performing or touring in Europe. Includes: important checks; visa/work permits; transporting samples, examples and finished goods; transporting commercial goods; haulage; social security and income tax.

Brexit: the impact on the fashion industry

Results of a survey by think tank Fashion Roundtable of industry leaders in January and February 2021. Provides data and insights into the impact of the UK-EU trade deal on the UK fashion and textiles industry.

Keep your business moving: Video explainers on new rules for doing business with EU

Suite of on-demand short videos from UK government for businesses on importing, exporting, rules of origin, tariffs, providing services to EU markets, Northern Ireland, data handling, hiring staff, and selling goods. Sector-specific videos also cover chemicals regulations, IP, emissions, waste, and Horizon funding.

The impacts of EU exit and COVID-19 on UK trade in services: July 2021

Analysis from the ONS of UK trade in services in the context of the ongoing COVID-19 pandemic and the end of the EU transition period on 31 December 2020. Sectors covered: Government; Personal, cultural and recreational; Other business services; Telecommunications; Intellectual property; Financial; Construction; Travel; Transportation; Maintenance and repair; Manufacturing.

Keep your business moving: Video explainers on new rules for doing business with EU

Suite of on-demand short videos from UK government for businesses on importing, exporting, rules of origin, tariffs, providing services to EU markets, Northern Ireland, data handling, hiring staff, and selling goods. Sector-specific videos also cover chemicals regulations, IP, emissions, waste, and Horizon funding.

Sector specific Brexit transition actions

Government guidance for businesses explaining five actions they should take now, along with links to detailed sector-specific information. The guide covers the aerospace, automotive, chemicals, construction, consumer goods, electronics and machinery, life sciences, metals and materials, professional and business services, and retail sectors.

The impacts of EU exit and COVID-19 on UK trade in services: July 2021

Analysis from the ONS of UK trade in services in the context of the ongoing COVID-19 pandemic and the end of the EU transition period on 31 December 2020. Sectors covered: Government; Personal, cultural and recreational; Other business services; Telecommunications; Intellectual property; Financial; Construction; Travel; Transportation; Maintenance and repair; Manufacturing.

Supply chain resilience after Covid and Brexit

This 45-minute session with the Institute of Export and International Trade and Bibby Financial Services will update traders on the state of global trade as economies exit Covid-19 lockdowns and the UK adapts to new trade rules with the EU.

Brexit and The City: The Impact So Far

Summary of a study from think tank New Financial on the impact of Brexit on the UK banking and finance industry and the emerging post-Brexit landscape of financial centres across the EU. Full report available upon request.

The tourism sector and the EU

Guidance from the Department for Digital, Culture, Media & Sport for the tourism sector from 1 January 2021. Areas covered include visiting Europe, visiting the UK, employees, data, services, movement of goods and EU funding.

Charities

Charity Finance Group: Brexit

Information from the Charity Finance Group on Brexit. Includes articles on what the UK-EU agreement means for charities, how charities should prepare for a post-EU era and opportunities for civil society.

Getting ready for the end of the transition period

Guide to help third sector organisations in Wales prepare for Brexit. Covers more immediate actions together with medium and longer-term changes to consider.

The civil society sectors and the EU

Guidance from the Department for Digital, Culture, Media & Sport for the civil society sectors, including charities, social enterprises and voluntary organisations, on working with the EU from 1 January 2021.

Letter to medicines and medical products suppliers: 30 March 2021

Letter from the Department of Health and Social Care. Provides industry and the wider supply chain with the latest advice and guidance in relation to contingency preparedness, initially put in place for the end of the Brexit transition period to help ensure the continuity of supply of medical goods into the UK.

Beyond Brexit: food, environment, energy and health

House of Lords select committee report on what the EU-UK Trade and Cooperation Agreement (TCA) means for food trade, fisheries, environment and climate change, energy and carbon pricing, chemicals and health.

Keep your business moving: Video explainers on new rules for doing business with EU

Suite of on-demand short videos from UK government for businesses on importing, exporting, rules of origin, tariffs, providing services to EU markets, Northern Ireland, data handling, hiring staff, and selling goods. Sector-specific videos also cover chemicals regulations, IP, emissions, waste, and Horizon funding.

Sector specific Brexit transition actions

Government guidance for businesses explaining five actions they should take now, along with links to detailed sector-specific information. The guide covers the aerospace, automotive, chemicals, construction, consumer goods, electronics and machinery, life sciences, metals and materials, professional and business services, and retail sectors.

Life sciences sector and the EU

Guidance for the life sciences sector on new rules from 1 January 2021. It covers importing and exporting, selling goods, trading with the EU, workforce, providing services, R&D funding, regulations, IP, and the Northern Ireland Protocol.

Keep your business moving: Video explainers on new rules for doing business with EU

Suite of on-demand short videos from UK government for businesses on importing, exporting, rules of origin, tariffs, providing services to EU markets, Northern Ireland, data handling, hiring staff, and selling goods. Sector-specific videos also cover chemicals regulations, IP, emissions, waste, and Horizon funding.

Air, sea, road and rail transport between the UK and EU

Guidance published by GOV.UK for those working in the transport sector or travelling to the EU from 1 January 2021. Areas covered include: Bus and coach businesses and drivers; Freight, road transport businesses and commercial drivers; Visiting or living in the EU; Aviation and flying; Maritime and shipping; Rail.