The end of the Brexit Transition Period on 31 December 2020 is fast approaching. The implications of either a trade deal or a "no deal" will constitute a major change for any company that has operations — directly or indirectly — in the UK as well as in the EU.

However, despite this looming deadline, we know that many businesses are still not fully prepared and plans may have been put on hold due to COVID-19. To help get you up to speed with your Brexit planning, we have set out below some key specific steps that you should take in order to fully prepare for Brexit. These steps have upcoming hard deadlines and are specifically focused on customs, intellectual property, competition, indirect tax/VAT and healthcare and product regulation.

For a wider view on all the issues currently in play, access our "No Deal" Brexit Checklist.