Irish SMEs need to be as best prepared for Brexit as they can be. Below you will find useful information and contacts to help your business be Brexit-Ready:
Update: Withdrawal of the United Kingdom from The European Union (Consequential Provisions) Bill 2019 is now live here.
Press Release from The European Commission: EU completes preparations for possible “no-deal” scenario on 12 April
Grants & Loans Available
InterTradeIreland offers 100% financial support up to £2000/€2250 (inclusive of VAT) towards professional advice in relation to Brexit matters. This support can help your business get advice on specific issues such as movement of labour, goods, services and currency management.
The SBCI Brexit Loan Scheme is offered in partnership with the Department of Business Enterprise and Innovation, the Department of Agriculture Food and the Marine and is supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments.
The Be Prepared Grant offers up to €5,000 to assist in the cost of developing a strategic response to Brexit. It is intended to provide support to clients to use external resources to undertake a short assignment to determine how the company could respond to the threats and opportunities of Brexit.
Other Resources Available
A Brexit Guide written by ISME Roadshow speaker, Paul McMahon. BrexitLegal.ie is a comprehensive free website about Brexit for Irish business.
Central Bank - Financial Service Firms
The Central Bank of Ireland have been considering Brexit-related issues since before the UK's referendum, and as part of this, they have been seeking to ensure that financial services firms are adequately prepared and resilient enough to cope with the possible effects of Brexit. Read their FAQ's which gives general information to financial services firms considering relocating their operation from the UK to Ireland.
The Central Bank has published a Financial Stability Note, outlining the landscape for London and other EU financial centres post Brexit.
Clear Treasury - The Big Brexit Currency Risk
Clear Treasury, independent foreign currency exchange and treasury services for businesses and individuals in the UK, Ireland and Europe have created a brief on the risks of further deprecation in the value of sterling. Which has implications on Irish SMEs, in particular exporters to the UK, in particular Agriculture and Food, Transport and Logistics, Pharmaceuticals, Insurance and Engineering.
Read their brief here.
Department of Business, Enterprise and Innovation (DBEI)
You can read useful information and find out about supports and services here.
The DBEI Brexit Preparedness Checklist identifies the essential actions that firms can take in advance of 31 October to ensure that they will still be able to trade with the UK after it leaves the EU. The checklist includes links to the relevant Agencies who can provide the necessary guidance and support to firms.
The DBEI have a report which outline the strategic implications for Ireland arising from changing EU-UK trading relations. Ireland & the Impacts of Brexit report can be found here.
Brexit: A National SME Study - In September and October 2019 DBEI carried out a survey of over 1,000 SMEs to garner insights on the current and anticipated future impact of Brexit on SME base in Ireland. The survey report was published in December 2019 with urges from the DBEI for SMEs to ramp up preparations. Read the full report here or the abridged version of the report here.
Department of Foreign Affairs and Trade (DFAT)
Get an overview of key Government and EU official documents on the Brexit negotiations and Ireland’s Brexit preparedness measures and supports. This includes a calendar of Brexit-related events for businesses, find out more here.
Driving on the island of Ireland
Do you (or one of your employees) hold a UK driving licence or drive between the North and South?
If there is a no deal Brexit you will need a Green Card if you plan on driving an Irish registered vehicle in Northern Ireland or elsewhere in the UK. A Green Card will stop you being treated as ‘uninsured’ by the police when driving your vehicle in Northern Ireland or the rest of the UK. Read more from MiBi here
In the event of a no-deal Brexit the driving licence of a UK licence holder living here in Ireland will not be recognised, and the driver will not be able to continue to drive here in Ireland on that licence. The National Driver Licence Service has the links you need here
Economic Operators Registration and Identification (EORI)
If you are a trader who imports or exports goods into or out of the European Union (EU), you will need a unique EORI number. This number is valid throughout the EU. It is used as a common reference number for interactions with the customs authorities in any Member State. A short eLearning tool for EORI is available to download from the European Commission website. You will find further information about how to register for EORI and you can access the EORI system in the Revenue’s online services section.
You may have had your EORI number aligned to your existing Value Added Tax (VAT) number. This was generally done for economic operators that held a customs and excise registration when EORI was introduced in 2009. You can check if you were automatically registered for EORI by accessing the Economic Operator Identification and Registration system. You should insert your existing VAT number prefixed by “IE” under “Validate EORI numbers”.
If you need further information, Revenue operates a helpline for queries on EORI.
Enterprise Ireland has a wide range of supports, including new Online Customs Training and the Act On Consultancy, to enable Irish businesses to take critical action and address their exposure to Brexit. Find out more about their supports here.
How to manage financial risk through Brexit uncertainty. Barry Doyle and John Power, Directors of Strategic Growth Leaders (SGL) finance consultancy, outline the key considerations Irish SMEs should consider to respond to the challenge posed by Brexit. Read it here.
Brexit: Customs and Logistics
Click here to find supports to help businesses understand customs concepts and to make the customs process more efficient.
Brexit: Act On Initiative
The Brexit: Act On programme has been developed to focus on three main areas of capability (1) Financial and Currency Management (2) Strategic Sourcing and (3) Customs and Logistics. Delivered over the course of two half day sessions with an independent consultant, the initiative helps companies decide on specific actions over a short period to address some of the risks and opportunities from Brexit. Learn more here.
Brexit: Customs Insights course
The Customs Insights course helps businesses understand the key customs concepts, documentation and processes required to move goods from, to and through the UK. The course will provide learners with a firm understanding of the customs implications for their business and the options from Revenue to make this process more efficient. Learn more here.
Click here to find out how prepared you are?
EU Commission Q&A on the sale of UK Goods post-Brexit
The EU Commission Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs published a "Notice to stakeholders – withdrawal of the United Kingdom and EU rules in the field of industrial products." Read the notice in full here.
Health and Safety Authority
Providing support service for Irish chemical companies and SMEs on meeting legislative duties and ensuring they can source chemicals and sell in the EU. In addition, the Irish National Accreditation Board (INAB) which is part of the HSA can offer advice on accreditation matters. Learn more here.
How would EU tariffs affect your business? Go to InterTrade Ireland’s Tariff Checker here
Read A Simple Guide to Cross Border Business here.
Find out about their Brexit events here.
ISME Brexit focused Roadshows
Offering advice to ISME Members was Derek Dunne, Customs Compliance Manager, Quality Freight Group speaking on Customs and Tariffs and Paul McMahon, Principal, McMahon Legal speaking on the implications for business of hard or soft Brexit.
You can watch the video back here.
Local Enterprise Offices
Brexit information and supports can be found here.
National Standards Authority of Ireland (NSAI)
The NSAI Brexit Unit is specifically focused on examining and communicating the impacts of Brexit on the standards and certification of products and services. Click here to view their Brexit factsheets which provides information about the potential Brexit impacts for different sectors.
Office of the Revenue Commissioners
In addition to the advice about changes in customs arrangements which is offered through Bord Bia, InterTrade Ireland, Enterprise Ireland and the Local Enterprise Offices, information relating to Customs formalities is available here.
The country of origin of goods is a factor in determining the amount of duty payable. Other factors include the type and value of the goods. Find out more about preferential and non-preferential origin here.
Customer Brexit Information Seminar. 138 slides from Revenue, Department of Agriculture, food and Marine and The HSE. Available here.
Skillnet Ireland - Clear Customs Training
The Irish Government, partnered with Skillnet Ireland and other industry have launched Clear Customs - Essential Customs Training to support Irish businesses trading with or through the UK in preparing for new customs formalities arising from Brexit. Clear Customs offers eligible customs agents, customs intermediaries and affected businesses a free training programme to build capacity in the customs sector. Find out more here.
TransferMate Brexit Blog
View ISME ADVANTAGE Affinity partner TransferMate’s Brexit blog. There are no transfer fees for first three months on standard money transfers over €1,000 for ISME Members. Find out more about ISME ADVANTAGE Affinity here.
ISME’s CEO call for SMEs to start planning for Brexit
ISME has been issuing warnings about Brexit preparation for so long now that it’s probably becoming a bore! But, nonetheless, it is important for you to continue contingency planning for what might happen.