Brexit Bulletin, 22 February 2018

Feb 21, 2019

The Institute has created a hub for members to read all published guidance from the UK, Irish and EU authorities to help prepare for the possibility of a no-deal Brexit. In other news, with just over a month to go until Brexit day, UK Prime Minister Theresa May is in Brussels this week attempting to get a solution to make the Irish backstop more palatable to her MPs.

No deal guidance

The Institute has created a dedicated hub on its Brexit webpage which collates guidance and information leaflets produced by the UK and Irish governments and the EU to help businesses and people prepare in the event of a no-deal Brexit.  The page will be updated as information is released by the authorities.  

You can also read the practical customs guide prepared by the Institute and ICAEW using this link.  

Irish no deal legislation to be passed by 15 March

The Irish Government has said it plans to have its Brexit Omnibus Bill pass all stages in the Oireachtas by Friday 15 March.  If required, the President will sign the Bill into law on Friday 29 March – Brexit day. The Omnibus Bill will come into use in a no-deal Brexit situation.

A rush to the finish line

With just over a month to go until Brexit day, the UK Prime Minister Theresa May is in Brussels attempting to get a solution to make the Irish backstop more palatable to her UK MPs. The Prime Minister met with President of the European Commission, Jean-Claude Juncker this week where agreement was made to review progress on the issue by the end of February.  In a joint statement, talks were said to be “constructive” and that “guarantees could be given with regard to the backstop that underlines once again its temporary nature and give the appropriate legal assurance to both sides.”

There are reports that Mrs May wants some concrete plan to bring back to the UK Parliament next week.  If she doesn’t come up with something new by 27 February, she faces losing control of the Brexit process and the UK Parliament will be forced into delaying Brexit .