What Comes Next? The Business Analysis of ‘No-Deal’

The Confederation of British Industry (CBI) has examined the ‘no-deal’ preparations made by the UK government, the European Commission, Member States and companies in 27 areas of the UK-EU relationship that are most important to business.

They recently published a report on ‘no-deal’ readiness, including the table below (pages 9-10). Please click on the table to get to the original report for further reading.


This update is for general guidance only. Specific legal advice should be obtained in all cases. This material is the copyright of Goodwille Limited (unless otherwise stipulated) and is not to be reproduced in whole or in part without prior written consent.

How Could A ‘No-Deal Brexit’ Affect Goodwille’s Clients and Our Services?

It is impossible to go into every detail on how a ‘no-deal Brexit’ would affect Goodwille’s clients and our services, but one can start by categorising the possibilities in the sections below.

For clients based in one of the remaining Member States, the consequences of a ‘no-deal Brexit’ broadly fit into two categories. Firstly, the human aspect as there will be new rules to bring staff into the UK post Brexit. Secondly, the import/export side, affecting those with physical products or businesses operating in regulated markets. The latter will likely be hit the hardest with an increasing amount of paperwork and new systems related to importing goods from EU Member States to the UK (and, to a lesser extent, exporting from the UK to the remaining EU).

As we approach the 31st October deadline, companies that move goods into or out of the EU are once again facing the prospect of stockpiling. If not already done, it is important to check with delivery partners to ensure they are ready in the event of a ‘no-deal’. For goods trading companies, Goodwille has previously encouraged these clients to apply for a UK EORI number (please contact us if you require more details).

Companies in the service industry will likely only have to deal with changes to VAT reporting. This should be covered easily within the remit that Goodwille has with clients using Goodwille’s finance services.

Most impacted will be subsidiaries of EU companies in the UK. These are likely to face the biggest hurdle related to ‘no-deal’ planning. Nonetheless, companies from outside the EU may find the so-called “no-deal exit” less problematic, unless they use the UK to as a gateway to the EU market.

To ensure a continued presence within the EU after Brexit, Goodwille has been developing its network and we have secured partners in Ireland. We have established contacts with import specialists to make use of the TSP (Transitional Simplified Procedures). For clients wishing to bring staff into the UK, we have partnered with North Star Law to ensure expert immigration advisory services aiding with supported VISA applications to enter the UK. We have also partnered with relocation services businesses, which can be essential when it comes to moving a family to the UK smoothly.

Goodwille are currently supporting in the region of 400 subsidiary businesses in the UK, and the vast majority of these are headquartered in Northern & Central Europe.  Over the coming weeks (and months), as more information is released and it becomes clearer on the impact Brexit will have on foreign businesses ability to trade with the United Kingdom, then Goodwille will proactively keep our clients updated – you are in safe hands.


This update is for general guidance only. Specific legal advice should be obtained in all cases. This material is the copyright of Goodwille Limited (unless otherwise stipulated) and is not to be reproduced in whole or in part without prior written consent.

Boris Johnson on Brexit – One Week In

Delivering Brexit is the number one priority for Boris Johnson. He has repeatedly pledged that a ‘no-deal’ exit would be preferable to another extension. During his first speech as Prime Minister, he stated: ‘We are going to fulfil the repeated promises of parliament to the people and come out of the EU on 31st October, no ifs or buts’.

When his predecessor Theresa May was in office, a Withdrawal Agreement (WA) between the UK and the EU that would settle how the British would leave the Union was drafted and negotiated. The WA is close to 600 pages long. Some key points include:

  • A transition period of 21 months – in which the UK must abide by all EU rules;
  • A financial settlement, the so called “divorce bill” – to be paid by the UK to the EU;
  • Citizens’ rights – UK citizens in the EU-, and EU citizens in the UK will retain their residency and social rights after Brexit;
  • Northern Ireland/the backstop – an insurance policy designed to avoid a hard border between the Republic of Ireland and Northern Ireland.

To date, the WA has been rejected three times by the British Parliament. The issue regarding the Irish backstop was one major reason why Theresa May could not get the agreement through Parliament. Although the EU consistently has said it is unwilling to renegotiate the Withdrawal Agreement, Boris Johnson is confident that a better deal, one that the British Parliament will adopt, can be negotiated. He has for example stated that he believes the issue of the Irish border will be better dealt with after the UK has left the EU.

However, even if the EU were willing to consider the changes requested by the new PM, there is little time left. With less than 100 days left until 31st October 2019, the prospect of a no-deal exit is rising.


This update is for general guidance only. Specific legal advice should be obtained in all cases. This material is the copyright of Goodwille Limited (unless otherwise stipulated) and is not to be reproduced in whole or in part without prior written consent.

Brexit Timeline of Events

23rd June 2016
The United Kingdom European Union membership referendum took place, commonly known as the Brexit referendum. It resulted in 51.9 per cent of votes being in favour of leaving.

29th March 2017
The then Prime Minister Theresa May triggered Article 50 of the Treaty on the European Union, which began the UK’s withdrawal.

29th March 2019
The UK was originally due to leave the EU. The process was delayed as the Withdrawal Agreement drafted and negotiated by the then Prime Minister Theresa May was not approved in the British Parliament.

7th June 2019
Theresa May announced she will resign as Prime Minister.

23rd July 2019
Boris Johnson is elected new leader of the Conservative party.

24th July 2019
Boris Johnson becomes the UK’s new Prime Minister.

3rd September 2019
Parliament returns from recess. The new session will commence in which the Prime Minister will have to battle the pro-EU Members of Parliament as his intention is to leave the EU on 31st October 2019.

29th September – 2nd October 2019
Conservative party conference. The first official outing for Boris Johnson as Prime Minister, where he will set the course for his premiership. His first conference speech is likely to carry even more significance as Brexit day (31st October 2019) will barely be a month away.

17th – 18th October 2019
EU Summit. The last scheduled EU summit before the UK is set to exit the EU.

31st October 2019
Brexit day. The UK is set to leave the EU on this date, be it with or without a deal. EU leaders have stated that the UK will have to choose to either carry through with a no-deal Brexit, ratify the Withdrawal Agreement or cancel its departure entirely. The EU is not willing to discuss renegotiations and considering Boris Johnson’s stance of Brexit, a no-deal scenario is thus increasingly likely.

31st December 2020
End of transition period. Even with the UK’s departure from the EU having been delayed, the date for the end of the transition remains unchanged. This means that instead of being a 21-month transition from 31st March 2019 when the UK originally was to complete its exit, it will now be a 14-month transition from 31st October 2019.

31st December 2022
The backstop commences. According to the provisional withdrawal treaty, if ‘no-deal’ to avoid a hard border between the Republic of Ireland and Northern Ireland is in place by this point, the backstop will automatically come into effect. This means that the UK will remain in a temporary customs union with the EU.


This update is for general guidance only. Specific legal advice should be obtained in all cases. This material is the copyright of Goodwille Limited (unless otherwise stipulated) and is not to be reproduced in whole or in part without prior written consent.

About Boris Johnson

On Tuesday 23rd July 2019, Boris Johnson was elected new leader of the Conservative party in the United Kingdom. The following day, he became the 14th person invited by Queen Elizabeth II to form a government. Johnson is thus the third British Prime Minister since the Brexit referendum that took place in June 2016.

Following the change of Tory PM, there has been a reshuffle of government. Johnson has described the new cabinet as a “cabinet for modern Britain”. It includes Dominic Raab, who is the new Foreign Secretary and First Secretary of State. Priti Patel has replaced Sajid Javid as Home Secretary, who in turn is the new Chancellor. Stephen Barclay remains Brexit Secretary.

Alexander Boris de Pfeffel Johnson was born to British parents in 1964 in New York. His father is a former British Conservative Member of the European Parliament. Johnson therefore spent a couple of years of his childhood in Belgium. He was educated at Eton College and at the University of Oxford.

Prior to the referendum, Boris Johnson was one of the front figures of the Leave campaign who is believed to have contributed to the UK’s decisions to leave.

After Theresa May became Prime Minister in July 2016, she appointed Johnson Foreign Secretary. He resigned two years later. Between 2008 and 2016, Boris Johnson was Mayor of London. Prior to becoming a Member of Parliament, he worked as a political journalist for newspapers such as The Times, The Daily Telegraph and The Spectator.


This update is for general guidance only. Specific legal advice should be obtained in all cases. This material is the copyright of Goodwille Limited (unless otherwise stipulated) and is not to be reproduced in whole or in part without prior written consent.

We’re recruiting – Corporate Legal Controller

Goodwille is a forward-thinking, ambitious company dedicated to providing foreign businesses with the professional services required to establish themselves and flourish in the UK. These include Corporate Legal, Finance, People Management, Payroll & Virtual Offices.

We are currently looking for an experienced Corporate Legal Controller to join our Corporate Legal team in London. As a Corporate Legal Controller at Goodwille, you provide company secretarial and legal advice and services to a diverse range of international and UK clients to ensure that they comply with legal practice and maintain high standards of corporate governance in the UK.

You will be responsible for

  • Managing your own portfolio of existing and new clients
  • Delivering existing services, providing corporate legal, company secretarial and compliance-related support, advice and point of reference
  • Developing and expanding Goodwille’s Corporate Legal service offering
  • Project work, including staying updated on changes to UK laws and regulations and legal developments
  • Optimising existing processes and ensuring application of best practices, internally at Goodwille and externally as required by client profiles
  • Guiding, coaching and developing members of the department
  • Working together with colleagues from across all departments and being actively involved in winning new business

To succeed in this role, we believe that you have technical company secretarial know-how and are educated to degree level, preferably in a legal or business discipline. Fluency in an additional language to English would be an advantage, as is experience working with company secretarial software (preferably Blueprint OneWorld).

We are a strong and diverse team, so being sociable and engaging is important as we put a lot of emphasis on team and company culture. International or cross-border experience would be an advantage, as many of our clients are based overseas. This is a client-facing role, so being communicative with a high level of cultural awareness and the ability to build and develop new and existing relationships with clients and partners is highly valued.

In joining us, you will become part of a modern and inclusive organisation, capable of offering a stimulating environment where you will be working with a diverse range of client companies and given the opportunity to develop the team and department which you will be part of.

This is your chance to join #TeamGoodwille – check us out on Instagram. When you join Goodwille you get access to a whole range of employee benefits, all designed to ensure an enjoyable work/life balance. Some benefits for all employees include:

  • Office fruit every week
  • Employee perks, rewards & benefits including discounts on supermarkets (Sainsbury’s, Tesco etc.), high street stores (Topshop, John Lewis etc.) & gyms
  • Complimentary phone insurance, as we know how important it is to stay connected
  • Access to the well-being & lifestyle platform, including eating advice, exercise routines and yoga videos
  • Generous social budget for team lunches, parties and for you to hang out with colleagues

Job type: Permanent, full time
Location: Kensington, West London
Salary: Depending on experience/skill set

If you like the sound of this vacancy and all the features and benefits you get by being part of a team like Goodwille, then please contact vidou.motee@goodwille.com.
www.goodwille.com

Running for a Good Cause

On 21st July 2019, Team Goodwille are joining thousands of runners winding their way through Central London together for the ASICS London 10K 2019!

Running the London 10K for charity has become a tradition and this summer we are running to raise money for our company charity MicroLoan Foundation. Their incredible work helps the poorest women in sub-Saharan Africa to work their way out of poverty. Goodwille has supported MicroLoan for several years and we are proud to support their work which has a lasting impact.

Support our runners Rachael (Senior Financial Controller), Jacqui (HR Manager), Johanna (Marketing Executive) and Isabelle (Corporate Legal Assistant) and help us raise funds for a good cause on our JustGiving page. All contributions, however large or small, are greatly appreciated and make a longstanding impact and difference. All funds raised for MicroLoan Foundation will provide more loans and business training to women in sub-Saharan Africa.

About the MicroLoan Foundation

MicroLoan is a different kind of charity, offering hope, not handouts to impoverished women in rural sub-Saharan Africa. Their small business loans and business training enable these women to build businesses and move towards financial sustainability. By giving hope and not handouts, MicroLoan empowers women in sub-Saharan to work their way out of poverty. Read more about the impact that MicroLoan has on women’s life on microloan.org.uk.

Interested in reading more about how Goodwille support charities and the activities we undertake to raise money for good causes? Check out our Charity Page.

We’re recruiting – Payroll Officer

Goodwille is a forward-thinking, ambitious company dedicated to providing foreign businesses with the professional services required to establish themselves and flourish in the UK. These include Corporate Legal, Finance, People Management, Payroll & Virtual Offices.

We are currently looking for an experienced Payroll Officer to join our Payroll team in Warwick. As part of the Payroll department, you will provide an effective and efficient payroll service to a range of international and UK clients. While you will primarily work with the Payroll team, all our departments are integrated and you will also find yourself liaising with all other departments, such as HR, Finance and Company Secretarial departments on a regular basis.

You will be responsible for:

  • Payroll processing and reporting on a portfolio of international clients
  • Set up payroll for new clients
  • Register clients for PAYE
  • Keep up to date with and ensure that payroll regulations and tax laws are followed and share technical knowledge within the business
  • Completing P11D’s, PSA applications and year end PAYE requirements
  • Building relationships with clients and their employees

Having experience working with payroll is a prerequisite, as well as a sound knowledge of pension schemes and handling P45’s and P60’s. Experience working with payroll software (preferably STAR payroll professional) and good knowledge of Microsoft office are essential. Additionally, we would like the candidate to be a true team-player with the kind of excellent communication and customer focus skills that will allow you to explain payroll related issues to the team and, more importantly, to your clients at all levels. Experience with working in an international environment and handling employees in different countries would be an advantage.

In joining us, you will become part of a modern, forward-thinking and inclusive organisation, capable of offering a stimulating environment where you will be part of developing and growing the Payroll department.

This is your chance to join #TeamGoodwille – check us out on Instagram. When you join Goodwille you get access to a whole range of employee benefits, all designed to ensure an enjoyable work/life balance. Some benefits for all employees include:

  • Office fruit every week
  • Employee perks, rewards & benefits including discounts on supermarkets (Sainsbury’s, Tesco etc.) high street stores (Topshop, John Lewis etc.) & gyms
  • Complimentary phone insurance, as we know how important it is to stay connected
  • Access to the well-being & lifestyle platform, including eating advice, exercise routines and yoga videos
  • Generous social budget for team lunches, parties and for you to hang out with colleagues

Job type: Permanent, full time
Location: Warwick
Salary: Depending on experience/skill set

If you like the sound of this vacancy and all the features and benefits you get by being part of a team like Goodwille, then please contact kevin.rutter@goodwille.com.
www.goodwille.com

Brexit – where are we now?

On 11th April, European Union leaders granted the United Kingdom a six-month extension to Brexit to 31st October this year. Effectively, this means that the UK now either must hold European elections on 23rd May or leave on 1st June without a deal. According to Theresa May, the aim is still for the UK to leave the EU as soon as possible, and Brexit should ideally take place well before the deadline in October.

Currently, there are various factors which could result in a No Deal Brexit. As mentioned, if the UK does not participate in the EU elections, this will effectively result in the UK leaving on 1st June this year – an outcome we believe to be unlikely at this point. Another possibility is if Theresa May’s deal fails to go through Parliament, which, in return, will mean that the UK will be leaving on 31st October. Lastly, there is the possibility that the decision to leave without a deal is made by Theresa May if she remains Prime Minister. In the event of an unsuccessful leadership contest – which will be the result if she does not manage to win the confidence vote – Theresa May will resign and it will consequently be up to the new Prime Minister to continue the Brexit negotiations going forward.

Goodwille continues to follow the development of Brexit closely. Amongst other things, we have been working on growing our network to include experts within the field of import and export, and are still working closely with North Star Law on the question of immigration. Furthermore, we ensure to attend several events focusing on Brexit, the latest being our CEO, Alexander Goodwille, attending the Export Gala (Tullgala in Swedish) in Gothenburg on 23rd May.


This update is for general guidance only. Specific legal advice should be obtained in all cases. This material is the copyright of Goodwille Limited (unless otherwise stipulated) and is not to be reproduced in whole or in part without prior written consent.

Goodwille Joins the Regional Jury for Nordic Startup Awards

Press release 13 May 2019

Following a successful first year, Goodwille are excited to announce that they have strengthened their strategic partnership with Nordic Startup Awards (NSAwards), and joined the Regional Jury for the NSAwards Grand Finale 2019.

For the 6th year running, the NSAwards will be recognising the individuals, startups and ecosystem supporters that contribute to the boiling hot Nordic startup scene. The prestigious startup competition and events series culminates in the Grand Finale that not only celebrates and showcases the great achievements in the region, but also provides the network and connections to go further. The winners of the Nordic Grand Finale will compete in the Global Finale to be crowned the best talents of the global startup ecosystem in 2019.

Kim Balle, Co-Founder & CEO of the Nordic Startup Awards says “We’re very pleased to have Goodwille on the Regional Jury this year. Their experience helping Nordic businesses to get a foothold in the UK where many Nordic startups begin their international expansion makes them a great addition to the jury, as they know what the world outside the Nordic region is looking for in startups”.

Goodwille has vast experience helping startups and tech businesses, including previous NSAwards nominees and winners, with expanding to the UK from the Nordics. Goodwille first became a Nordic Partner to the NSAwards in 2018 to strengthen their position as the leader in helping businesses from the Nordic region with their expansion to the UK.

James Service, Marketing Manager of Goodwille says “We’re excited to continue our partnership with NSAwards and to offer our support to Nordic startups with the ambition to expand globally. We’re proud to share our experience of helping startups and tech businesses establish in the UK and provide invaluable insight to what’s needed to succeed internationally”.

Show your support for the actors that will shape our future – nominate your startup superhero to Nordic Startup Awards 2019! The national nominations for NSAwards open mid-May and the nomination deadline is 26th August. Seize the opportunity to apply yourself or nominate the individuals, startups and ecosystem supporters that you think deserve it the most.

CLICK HERE to get to the nomination page – and remember! Anyone can nominate anyone in any category, so spread the love and may be the best ones win!

Press Contacts

Kim Balle, Co-Founder & CEO, Nordic Startup Awards
kim@globalstartupawards.com

James Service, Marketing Manager, Goodwille
james.service@goodwille.com