Impact of Brexit on businesses

On 24 December 2020, the EU and the UK concluded their negotiations on the Trade and Cooperation Agreement (TCA) and agreed the Nuclear Cooperation Agreement (NCA) and the Security of Classified Information Agreement (SCIA). The TCA is applied from 1 January 2021.

Many things will change because the UK left the EU single market and the Customs Union on 1 January 2021. The UK and the EU are now two separate market areas with different regulations and laws. The new relationship between the EU and the UK is clearly more distant than it was before. It will involve, for example, increasing paperwork and costs for businesses doing trade. Even if the TCA is comprehensive and certain products are offered duty-free and quota-free trade access to the markets of the parties, the agreement does not replace the single market. The free movement of goods, services, capital and people ceased to be in force on 1 January 2021. Therefore, trade between the EU and the UK will experience major changes despite the conclusion of the TCA.

How these changes will affect an individual company depends on factors such as the company’s field of activity, location and position in the production chain. Some of the changes are product-specific.

More information:

Trade and Cooperation Agreement between the EU and the UKLink to another website.

Information about the TCA (mainly in English)Link to another website.

Government’s position and the key content of the agreement in Government communication to Parliament UJ 50/2020 - U 55/2020 (pdf, in Finnish)

UK preparedness website for businesses:

https://www.gov.uk/eubusinessLink to another website.

https://www.gov.uk/transitionLink to another website.

Read more on the website of the Prime Minister's Office: Impact of Brexit on businessesLink to another website. 

Read more on the website of Finnish Customs: Brexit for businessesLink to another website. 

Finnish Customs’ Brexit helpline is open Monday–Friday at 9.00–11.00:  +358 295 521 008.

You can also submit a call request.

Additionally, you can send email to [email protected] Finnish Customs offers general advice for businesses by email from Monday to Friday at 8.00–16.15.