Summary from UKHospitality of key no-deal implications together with suggested actions for companies within the sector. Areas covered include the workforce, supply chains and imports, food labelling and the UK's tourism sector
Brexit and supply chains
This page contains a list of externally produced resources which consider the impact of the decision to leave the EU on supply chains.
Looking for the ICAEW view on Brexit? Find the latest updates and expert analysis at the ICAEW Brexit hub.
The inclusion of an article, publication or online resource on this page does not constitute a recommendation or endorsement.
Simulation from KPMG using the example of a Dutch food processing company. The case study highlights the potential issues that the company would face under a future FTA model following Brexit. Areas considered in the case study include custom formalities; indirect tax; supply chain; IT systems and processes; accounting and finance; human resources.
Firms’ supply chains form an important part of UK-EU trade: what does this mean for future trade policy?
Short paper highlighting the important role that supply chains play in UK-EU trade particularly in the form of intermediate goods and services. The paper uses an example to show why the rules of origins requirements applied to components used in products by EU firms will have significant implications for post Brexit trade.
Deloitte Brexit Briefing which analyses how a hard Brexit would hit German automotive suppliers. The briefing shows the interdependence of national automotive industries and illustrates the effects of Brexit on revenue and employment for German suppliers.
Report from the British Retail Consortium (BRC) which sets out the challenges facing the UK Government to deliver frictionless trade following Brexit day. The report was produced following discussions with supply chain experts and specialists such as the International Meat Trade Association (IMTA) on specific trade issues.
Survey from the Chartered Institute of Procurement & Supply which looks at changes in the supply chains of UK and EU businesses as a result of Brexit. The results highlight difficulties that some businesses are already experiencing and the money that has been spent by some UK businesses to prepare their supply chain for the split.
Briefing which offers a helpful introduction to tariffs and rules of origin, looks at the additional customs administration we might see at the UK border and discusses the option of applying for Authorised Economic Operator (AEO) status. Includes a ‘Considerations for manufacturers’ flowchart which lists areas that manufacturers should audit across their supply chains to help them understand the impact of tariff barriers and non-tariff barriers.
Report from the British Retail Consortium (BRC) which looks at the role of EU nationals in retail organisations and the supply chain. The report highlights the skills needs of the sector and the potential impact of Brexit on the retail workforce.
EY highlight six considerations for enterprises impacted by Brexit border changes, including: moving goods in and out of the UK, sourcing locations, operating model suitability, impact on working capital, validity of existing contracts and immediate customs/border issues.
A report from the Council of British Chambers of Commerce in Europe (COBCOE) which highlights European business priorities for Brexit. The report identifies concerns around barriers to future trade, disruption caused by the Brexit process and the UK’s role as Europe’s global springboard. A case study included in the report highlights the complex supply chain of a clothes manufacturer and the potential challenges that Brexit will create for them.
Articles from the trade and professional press on Brexit are available to logged-in ICAEW members and ACA students through the Business Source Corporate database. This includes articles on the next steps following Britain’s decision to leave the EU and an assessment of the impact in different sectors.
Please login to the website to view the latest articles.
The ICAEW Library & Information Service maintains a large collection of resources that can help you with the different issues and opportunities arising from the EU referendum decision. The wide range of topics covered includes exchange rates, export and supply chain management.
Articles and books
The collection of articles and books held by the library on the UK exit from the European Union is growing as the professional press consider the implications and the practical steps that can be taken now.
Company law update : governance, distributions and Brexit
Accountants Digest ; no.651
Duvall, D (Croner-i, 2019)
Digest covering a range of recent and potential future changes to company law, including the impact of Brexit in the context of the company law amendments made in early 2019.
Brexit implications for accountants
Accountants Digest ; no.628
Paul Bowyer (Wolters Kluwer, April 2017)
This digest will guide you around the breadth of implications facing accountants, covering corporate governance, audit, accounting, tax, VAT and employment.
Doing business after Brexit: A practical guide to the legal changes
Helen Tse (Bloomsbury Professional, August 2017)
This practical guide considers the legal issues arising out of Brexit and the issues that businesses are likely to face. The book suggests appropriate steps to mitigate risk and take advantage of any opportunities.
If you wish to see any of the material listed in our catalogue please contact the library enquiry team by telephone on +44 (0)20 7920 8620, by web chat or by email at firstname.lastname@example.org
ICAEW members, Business and Finance Professionals, ACA students and Forensic & Expert Witness/Valuation Community subscribers can access the overview of BVB Insights: Data and analysis on UK private company multiples as a free member benefit. The 2018 edition of this annual publication looks at how deal multiples have fared one year on from the EU referendum.
The library offers access to international accountancy, business, law and tax databases that include further articles and analysis following the EU referendum result and information that can help you explore new business opportunities.
If you are visiting Chartered Accountants’ Hall you can access these databases directly through the computers in the Business Centre. Alternatively, the enquiry team can search the databases on your behalf and supply the most appropriate material by email (subject to licences).
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