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How can UK services companies adjust to the new way of trading with the EU?

When and Where

  • Date: 25 May 2021
  • Start & End Time: 2:00 pm - 3:00 pm
  • Location: Online

Address: Online

Event Details

What barriers does the UK-EU Trade and Cooperation Agreement pose for UK services companies, and importantly how can they be overcome?
The EU Single Market afforded a level of freedom to UK service providers, not replicated in any existing FTA, including the UK-EU Trade and Cooperation Agreement (TCA). UK service companies have been treated as ‘local businesses’ within the EU and therefore not had to navigate individual member states’ administrative processes and rules.

Provisions for service within the TCA pretty much replicate World Trade Organisation (WTO) rules, whereby all member states have committed to opening up their economies to UK service providers, but commitments differ significantly and are subject to change across sectors and service type.

UK companies now have to navigate the local jurisdiction in each market where their service is provided, and consult with local authorities directly to determine if there are any potential issues with continued supply in 2021 and beyond. Considerations include whether:

  • They need authorisations or licences to provide their service
  • Their UK professional qualifications are still recognised
  • They need to comply with any specific local business regulations
  • There are any EEA nationality requirements that could prevent them providing services in some sectors
  • They need to complete any relevant administrative procedures online

During this webinar, Andrea Collins of The Export Department will be examining the various impacts EU Exit has had on the service sector and how service companies can optimally adjust to the new way of trading with the EU, discussing in particular:

  • Cross border service
  • Consumption abroad
  • Commercial presence
  • Movement of natural persons
  • Handling of Value Added Tax (VAT)
  • What is and what is not included in the TCA
  • GDPR
  • Intellectual Property Rights
  • Focus of continued negotiation between the UK and EU
  • And more

Speaker

Andrea is an international trade specialist with almost 25 years’ experience in the industry. A linguist fluent in French and Spanish, Andrea specializes in Importing, exporting, Brexit preparedness, business resilience, and business growth. A passionate ambassador of UK micro-businesses and SMEs, she launched The Export Department to assist these companies expand their horizons internationally and raise the profile of UK goods and services abroad. As well as supporting private clients with their international trade endeavours, Andrea delivers 1:1 support and 1:Many support for a number of Growth Hubs nationwide and is responsible for the design and delivery of a range of EU transition, international expansion, and business resilience support programmes operational across Lincolnshire, Leicestershire, Derbyshire, Nottinghamshire, Wiltshire, Oxfordshire, Norfolk, Suffolk and the South East Midlands.

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