BCC: 'Firms lack details on Brexit changes'

The British Chambers of Commerce (BCC) says UK firms are being left with unanswered questions less than a month before the Brexit transition period ends.

The organisation found that firms still have ‘insufficient’ information about 24 critical areas, not allowing them to prepare for the change on 1 January 2021.

According to the BBC, firms are still unaware of what rules of origin will apply to the end of the transition period, which prevents firms from planning and will potentially create unprecedented new administrative burdens and costs.

Additionally, limited guidance is available on the procedures for the movement of goods from Great Britain to Northern Ireland, and there is presently no information on how UK tariff rates quotas will be administered or how businesses can access them beyond the end of the transition period.

Adam Marshall, director-general at the BCC, said:

“With just weeks to go, businesses need answers, and they need them now. Posters and television adverts are no substitute for the clear, detailed and actionable information businesses require to prepare for the end of the transition.

“None of the issues businesses are grappling with are new. They have all been raised repeatedly over the past four years, from tariff codes and rules of origin through to the movement of goods from GB to NI.”

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