In this episode Adrian Lawrence our resident financial professional talks about the impact that Brexit is having on exporters.   The withdrawl agreement that brought brexit to a close at the end of 2020 was meant to represent a free trade agreement without tariffs and duties.  Many exporters are now finding to their costs that due to the rules of origin goods brought into the UK from outside the EU and then exported to the EU are paying double, once to on import to the UK and then again on import to the EU.
Companies are looking for ways to avoid this double taxation issue and these include setting up subsidiary companies in the EU close to the customers.  However this is not without costs in itself and there are changes due in 2021 around the ownership rules for EU companies which may limit the advantage this gives.
Business does not like uncertainty and many companies are not exporting, or exporting at a much reduced level due to these issues.
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