Brexit Briefing, 26 October 2018

Oct 25, 2018

In the latest in the series of Getting Ireland Brexit Ready events, Taoiseach Leo Varadkar told a capacity audience in Dublin that regardless of a good Brexit deal, businesses need to be prepared to face a less favourable trading environment.   In other news, join our lunchtime webinar on 7 November to find out all you need to know about customs declarations and requirements for trading with the UK after Brexit.  

Not going to be as good as it is today…

"Our aim is to keep things as much as they are…. but even in a really good Brexit outcome, it is not going to be as good as it is today" 

Those were the words of Taoiseach Leo Varadkar addressing several hundred attendees at one of the Getting Ireland Brexit Ready events held at Dublin’s Convention Centre yesterday.

Individuals and companies across the business, agri-food, fisheries and tourism sectors attended the workshop and were briefed on various measures that businesses should consider putting in place to prepare for Brexit.

Acknowledging that the outcome of Brexit is still uncertain, the Taoiseach and Tánaiste Simon Coveney said that while they were both hopeful that a deal could be reached, the Irish Government is putting in place a contingency plan for a no deal Brexit. And that plan would feed into the EU’s contingency plan, and Ireland “won’t hold back on expenditure”.  The Taoiseach said that new parking and checking areas were being developed at Dublin Port with similar plans for Rosslare Port and Dublin Airport.

The Taoiseach urged businesses not to bury their heads in the sand saying now is the time for nominating one person in their business to get a handle on what Brexit means and what challenges the business might face.

The Tánaiste said that every effort is being made to avoid a hard border on the island and he is hopeful that border checks infrastructure will remain a thing of the past.  Mr Coveney also said that he felt that there was a general “misunderstanding in London” about the border issue in Ireland. He said that if both the North and South of the country do not operate the same trading rules and standards, it would be difficult to operate the all-island economy that we have been enjoying for many years; greatly helped by the EU’s Single Market and Customs Union.  

When questioned about whether EU cooperation with Ireland on Brexit would come at a price, especially since the UK is Ireland’s biggest ally on matters such as digital tax, the Taoiseach said Ireland was working hard to build new alliances in the EU.  “Without the UK, Europe is going to be different. We’re losing a partner and like- minded country. So what we need to do is strengthen alliances, and have been working hard to do that,” the Taoiseach said.

See the Department of Foreign Affairs website for more details about similar events.

Lunchtime webinar: Brexit & Customs: 7 November 13:00 – 14:00

Are you involved in trade with the UK?  If so, regardless of a hard or soft Brexit outcome, you will need to know how to file customs returns and declarations once the UK leaves the EU.  During this 1 hour webinar, Carol Lynch, Partner in BDO’s Customs and International Trade Services division will talk you through customs compliance and border requirements, trading under World Trade Organisation rules and free trade agreements, as well as the declarations that are required to be lodged with customs under various scenarios.

To register for this CPD event use this link.

Read all of our Brexit updates and Back to Brexit Basics on the dedicated Brexit section of our website.