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Businesses in favour of Brexit transition period

Almost half (46%) of companies believe a transition period of 3 years for Brexit would be best for their business.

The British Chambers of Commerce (BCC) polled more than 2,400 businesses and found a further 22% of companies would like the transition process to exceed the 3-year period.

When asked about the key objectives for Brexit negotiations, just 34% of businesses said they would like to remain in the single market and customs union.

Furthermore, 28% said they would like a comprehensive free trade agreement and a customs agreement based on the government’s pre-election objectives.

Other findings:

  • 13% want to remain in the customs union only
  • 11% want access to single market only
  • 2% said to leave without a trade deal with the European Union.

Dr Adam Marshall, director general at the BCC, said:

“By more than 3 to 1, businesses want a transition period on the way to a final agreement with the European Union (EU). This is critical to prevent firms facing the prospect of repeated, costly adjustments to new trading conditions. 

“If companies have to change their business model once in 2019 [when the UK leaves the EU] and again several years thereafter, the competitiveness and investment potential of our firms will be undermined.

“Getting transition arrangements on the negotiations agenda as quickly as possible would give businesses – many of whom are considering big investment decisions now – the confidence to press ahead."

Contact us to discuss how Brexit could affect your business.

Why Clients Choose Easy Accountancy

Easy Accountancy offers a low cost, fixed fee accountancy package with all clients receiving their own dedicated, friendly, approachable accountant.

All of our accountants specialise in providing accountancy services to the self-employed, freelancers, sole traders, small to medium sized limited companies and private individuals. All accountants are employees of Easy Accountancy and we never outsource or offshore work.

Our low cost, all-inclusive fixed-fee accountancy service includes unlimited access to your own dedicated accountant throughout the year and covers all your business and personal tax affairs needs.

All our accountancy services include:
  - Unlimited access to your accountant
  - Ongoing advice on how to manage your business
  - Proactive tax advice throughout the year
  - Updates and reminders so you'll never miss a deadline
  - Free bookkeeping software

As a sole trader our fees start at just £60 + VAT a month, for this you receive the above plus:
  - Completion of your Self-Assessment tax return
  - Advice on how much Income Tax to pay
  - Guidance on National Insurance contributions

As a limited company our fixed fee packages are bespoke to your needs, however typically you’ll receive the above, plus:
  - Completion of your year end accounts*
  - Completion and submission of your annual return Companies House
  - The director/s Self Assessment tax return
  - Payroll bureau
  - Dividends and corporation tax computations

We’ve saved our clients up to half on their accountancy bills – if you’d like a quote, click on the quote me button to the right of this page. Alternatively, call us on 01442 275767 or email newbusiness@easyaccountancy.co.uk.

*If you would like us to complete your company year end accounts we simply ask that you have been a client of Easy Accountancy for one year or have made 12 monthly payments.