The UK has recently held elections that have given the Conservative party the largest majority since 1987. Prime Minister Boris Johnson has promised to deliver Brexit by January 31, 2020. How will this affect your global operations?
As the Brexit deadline has continued to move throughout 2019, many observers thought it might not happen. With the latest UK election, there is now a promise from the Conservative party that Brexit will be finalized by January 31, 2020. As most changes will most likely not go into effect until January 2021, there are still preparations to be made if you have employees living and working in the UK or EU. Getting your payroll ready for the changes, helping employees navigate new immigration regulations, and determining potential tax consequences are important first steps.
If you have business operations in Ireland or Northern Ireland, the border between the countries could cause potential issues, but the UK government has promised there will be no “hard” border, so employees living in Ireland and working in Northern Ireland (or vice versa) will not have to worry about passport controls in order to get to work each day. There could be potential trade policies that can affect cargo, but as far as personnel is concerned there should not be any issues with employees getting to work each day.
Managing your operations throughout the EU and UK while this transition is taking place will require careful planning and strategic next steps to maximize your resources in the region and ensure compliance. Getting your payroll on one platform and ensuring compliance with in-country regulations is a key component to success. Talk to us today about simplifying your payroll, managing compliance, and ensuring your global operations run smoothly during the Brexit transition.