This month Revenue will begin an individual business-focused engagement programme, which is designed to support and assist businesses in understanding the potential impact of Brexit and how to prepare for and mitigate the risks.

Letters will issue to each trader on a phased basis starting in July with follow up phone calls by Revenue staff in July/August. Registering for an EORI number as the critical first step in preparing for Brexit. However, Revenue will highlight other steps necessary to prepare for Brexit, especially relating to customs declarations and classification, and other obligations relating to guarantees, authorisations and, if required, third-party licencing.

These measures are part of Government’s revised Brexit Contingency Plan. In a July update, Government has warned about Brexit macroeconomic impacts and that a no deal Brexit will have severe negative effects in a number of sectors and among smaller and medium-sized businesses, and it will be widely felt on a regional basis. The impacts will be felt most notably in many exporting sectors, including agri-food, indigenous manufacturing and tourism, as well as in importing sectors, especially those characterised by just-in-time supply chains, such as parts of the retail sector. The impact of UK import and export exposure for firms could be compounded by currency volatility.

The report can be viewed here: Preparing for the withdrawal of the United Kingdom from the European Union : 

Other Brexit resources can be found on: https://www.corkchamber.ie/advancing-you/preparing-for-brexit/