Brexit Bulletin, 6 January 2020

Jan 06, 2020

There are just 25 days to go until 31 January 2020 – the final Brexit deadline. With UK Prime Minister Boris Johnson’s Brexit bill winning approval in the House of Commons last month, the uncertainty over Brexit has now been replaced by the firm deadline of the end of January. Read this week’s bulletin for a timeline of developments so far, and the Institute’s guidance on how to best prepare for Brexit.

 

UK Prime Minister’s Brexit bill wins approval in parliament – 20 December 2019

 

British MPs voted by a majority of 358 to 234 to pass the second reading of UK Prime Minister Boris Johnson's Brexit legislation, as the revised Withdrawal Agreement Bill was brought before the House of Commons. The Brexit bill now also includes a new clause to "legally prohibit" any further extension beyond the end of December 2020.

 

The bill is now due for approval in the House of Commons later this week on Thursday 9 January, giving it just over three weeks to then pass through the House of Lords and receive Royal Assent to meet the Brexit deadline of 31 January 2020.

 

 

Conservatives win in UK elections, Brexit deal back on table – 13 December 2019

 

The Conservative Party, led by Boris Johnson, won an overwhelming majority in the UK general elections. With the Conservatives now having secured the 326 seats required for a majority in the House of Commons, Boris Johnson is back on track for a 31 January 2020 Brexit deadline.

 

 

Institute Brexit guidance

 

At the time of writing, there are just 25 days to go until 31 January 2020 – the final Brexit deadline. Readers are reminded of the key commercial elements of the Brexit deal and the best resources to prepare for Brexit, regardless of the outcome.

 

Brexit infographics

 

Take a look at our Brexit infographics explaining VAT and customs for businesses under the revised Brexit Withdrawal Agreement Bill.

 

 

Top five Brexit tips

 

Review our handy graphic on the top five steps you can take to prepare for Brexit.

 

 

Guidance video: Single Administrative Document

 

Watch Chartered Accountants Ireland’s short video to help guide you through filling out the Single Administrative Document, a requirement for making customs declarations post-Brexit by both Irish/UK traders to trade with the UK/EU respectively. Visit our Customs page to watch the video.

 

 

Irish Government Brexit resources

 

The Department of Business, Enterprise and Innovation have released several Brexit preparedness supports, including the Brexit preparedness checklist, the Brexit Loan Scheme and the Getting Business Brexit Ready guide. For the full range of supports for businesses, visit the Department’s website.

 

 

Read all our updates in our Brexit web centre and our page dedicated to no-deal Brexit planning.