While the outcome of Brexit at this late stage in October is pretty much anyone’s guess the possibility of a ‘no-deal’ on October 31st cannot be ruled out. So what does this mean for the fashion and creative industries?
Based on export figures from 2018 it is estimated that switching to World Trade Organisation (WTO) rules could cost the fashion industry between £850 and £900million* (source: UK Fashion & Textile Association). So a no-deal is not something we can shrug off lightly. Amid all the uncertainty the government have put together a 10 point checklist on how to prepare for a no-deal outcome aimed at the creative industries.
The checklist covers:
- You and your employees, visas and work permits.
- Applying for an EU Settlement Scheme.
- Visiting Europe.
- Legal rights on personal data from the EU.
- If you need to change how you account and report.
- Appointing a rep in the EU if you provide digital services in the EU.
- Additional copyright permissions.
- Checking the rules with regards to broadcast and video on demand services.
- Checking customs procedures in order to take creative and cultural goods in and out of the EU for business.
- And checking what you need to do if you currently receive EU funding.
Each checklist point has further government links and information please click here to read up and find out more.