ANALYSE Pinpoint your risks and opportunities with a Brexit Audit to analyse ‘no deal’ implications Identify, for example if: your market access rights to provide services into the EU from the UK or vice versa may be lost owing to eg loss of passporting, rights of establishment, or recognition of qualifications your products may cease to be authorised owing to eg lapse of marketing authorisation, conformity assessments or other regulatory approvals or loss of mutual recognition of product standards your products may be exposed to new tariffs, different tax treatments (eg VAT) or customs delays you have any EU-wide IP rights (or are using any under licence) which you are relying on for the UK which may fall away ASSESS Evaluate and prioritise Brexit Audit conclusions to create a Brexit readiness plan Evaluate the importance and likelihood of risks and opportunities identified in terms of financial, strategic, operational and human resource impacts Prioritise key deliverables and assess the interdependencies and lead times (political, strategic, operational and regulatory) to develop a phased and proportionate response Plan a timeline and allocate resources to meet Brexit readiness deadlines, maximising flexibility and resilience given
