The Brexit is almost there. The United Kingdom will leave the European Union on 31 January 2020. The Brexit impacts companies, even if you do not directly do business with the UK. Are your organization and your automation prepared for this?
Transitional phase
The Brexit referendum in the UK took place on 23 June 2016. The majority (51.89%) of voters have voted for the UK to leave the EU. And after years of struggles and negotiations, the time has now come for the UK to actually leave the EU. However, this does not happen overnight. A transitional phase applies up to and including 31 December 2020, which can be extended by a maximum of 2 years. Therefore, the new relationship between the UK and the EU will apply at the earliest on January 1, 2021.
"For any company that does business, in any form, with companies and agencies in the UK, it is important to make the necessary changes to the ERP system in time."
What you can arrange now
Because of the transitional phase, companies will not get into trouble in 2020 due to changes in legislation and regulations. You can, however, already implement changes in your business to improve your operations. Consider, for example, the different booking processes for EU and non-EU. To do this, customers and suppliers must be filtered to the UK country code to subsequently adjust the setup of the booking process. Our business consultants can help you with this.
From 2021 onwards
After the transitional phase, the UK is permanently no longer part of the EU and your ERP system should be able to deal with this. New requirements to your system apply to countries and regions, customers, suppliers, invoices and shipments. For any company that does business, in any form, with companies and agencies in the UK, it is important to make the necessary changes to the ERP system in time.
Do you want to know what consequences the Brexit has or can have for your company? And how can you be optimally prepared for this? Send me a message and I will contact you as soon as possible.
