Brexit

With just 08 days to Brexit, a new survey from Enterprise Ireland reveals a worrying lack of customs preparedness by Irish companies.

A survey by IHS Market of 600 companies in Ireland, along with analysis of companies which have completed Enterprise Ireland's Brexit Readiness Checker, shows that 52% of companies view customs and logistics as a priority.

But only 42% feel they are significantly or fully ready for the new regime on January 1.

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Enterprise Ireland said that 44% of companies surveyed have not decided how they will pay customs charges, while more than 50% have yet to determine the potential tariff of their goods.

The Tánaiste and Minister for Enterprise, Trade and Employment said that 2020 has been devastating for many business owners and it would be understandable if Brexit was the last thing on their minds.

But Leo Varadkar said Britain leaving the customs union and single market at the end of this year will bring major changes for Irish companies.

Giles O'Neill, Manager of Enterprise Ireland's Brexit Unit, emphasised the degree of urgency about customs readiness.

 

He said that companies urgently need to secure their EORI (Economic Operator Registration and Identification) number and determine the commodity code for their products.

They should also identify who will manage their customs procedures and paperwork as well as decide who will have responsibility for all the documentation and processing of their goods moving to, from or through Britain.

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