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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.

UK trade agreements

The UK has negotiated agreements with its international trading partners, including the EU and Japan, that set out the rules on trade. This page brings together guidance and resources from the UK government, the EU and other useful sources on the new EU-UK treaty and trade agreements with non-EU countries.

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.

End of Brexit transition: Fisheries

Briefing paper from the House of Commons Library providing an overview of some of the changes that will take place on 1 January 2021 with regards to fisheries. Includes changes that will happen regardless of any negotiation outcome, and how UK fisheries may be affected in the event of a deal or a no deal scenario.

EU contingency measures

Communication and legislative proposals from the European Commission on a set of targeted contingency measures to prepare for a possible 'no-deal' scenario on 1 January 2021. Measures cover basic air and road connectivity between the EU and the UK and the possibility of reciprocal fishing access by EU and UK vessels to each other’s waters.

Agricultural transition plan 2021 to 2024

Policy paper from the Department for Environment, Food & Rural Affairs setting out the changes that will be made to agricultural policy in England from 1 January 2021. It also covers what these changes will mean for farmers and land managers.

Executive survey 2021: Building agility in manufacturing

Survey from Make UK, in association with PwC, exploring what the business landscape will look like for UK manufacturers over the next 12 months. Includes key risks and investment opportunities now that the UK has left the EU.

Placing manufactured goods on the market in Great Britain

Guidance for businesses on new rules for different types of goods, changing conformity assessment or marking, appointing an authorised or responsible person in the UK, and legal responsibilities for manufacturers, distributors and suppliers.

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.

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.

Retail sector: end of transition period guidance

Guidance for the retail 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, and the Northern Ireland Protocol.

EU Exit readiness briefing

Briefing from the Association of Convenience Stores to help retailers prepare for the end of transition period. Covers three core elements for convenience retailers to consider: trading environment, workforce & people and regulations.

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 impact to financial services firms of the Brexit deal – EY comment

Commentary and analysis of how the trade agreement may affect the financial services sector, highlighting four key areas of regulatory focus for firms: cross-border access, protective vs open policies, capital and frictional costs, and co-operation on the supervision of large groups and global policy forums.

Value Added Tax EU Exit Transitional Provisions

Guidance on the VAT treatment of transactions or movements of goods which span the end of the transition period. It covers goods, fulfilment houses, services, call-off stock, and financial services.

Preparing your firm for Brexit: end of the transition period

Information from the Financial Conduct Authority to help financial services firms prepare for the end of the transition period. Outlines issues for all firms and considerations for UK firms and EEA firms conducting business in the UK.

The tourism sector from January 2021

Guidance from the Department for Digital, Culture, Media & Sport for the tourism sector on what to do before 1 January 2021 to prepare for the end of the transition period.

Charities

The civil society sectors from January 2021

Guidance from the Department for Digital, Culture, Media & Sport for the civil society sectors, including charities, social enterprises and voluntary organisations. Covers what to do before 1 January 2021 to prepare for the end of the transition period.

Brexit-related guidance for companies

Updated guidance from the European Medicines Agency for pharmaceutical companies on centrally authorised products, nationally authorised products, Brexit-related type IA and IB variations, and the transition period.

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: end of transition period guidance

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.

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.

End of Brexit transition: Transport

Briefing paper from the House of Commons Library. Provides analysis of the impacts on the aviation and road haulage sectors at the end of the transition period whether the UK and EU enter into an agreement or not.

Brexit update for aviation

Article from Norton Rose Fulbright on the impact of Brexit on the aviation sector. Discusses the EU contingency legislation, as well as other issues such as air traffic rights with third countries and the UK’s approach to emissions regulation.