# Brexit: Impact on Business Guide

> Source: https://bryter.com/de/use-cases/brexit-impact-on-business-guide/

The Brexit: New Business Rules Guide assesses the areas of your business which will be impacted by the new rules coming into force on the 1st of January 2021 and provides guidance to help your business prepare to operate within the law following the Brexit transition period.

#### Background

On the 1st of January 2020, the one year ‘transition period’ began. This period was to give the UK time to prepare for finally leaving the EU on the 1st of January 2021. With the end of the transition period, new rules are coming into place that affect both individuals and businesses. These new rules are wide-ranging in their impact, from intellectual property and data privacy rights, to immigration requirements and customs declarations for importing/exporting goods.

To avoid adverse consequences and to ensure business operations remain within the law, companies urgently require a full review of their position ahead of the transition period ending so they can be ready for the new rules. As many businesses operate in different areas which will be affected by the new rules, a full manual review of current areas of law which affect the business and how they are changing would be a time-consuming and onerous task.

With BRYTER’s Brexit: Impact on Business Guide, businesses can quickly and easily receive tailored guidance on how the new rules will affect their business when they come into force on the 1st of January 2021. This application will produce a report of the areas of the business which will be impacted, and what the business needs to do to prepare for the new rules. As a final output, the [business reporting software](https://bryter.com/applications/business-reporting/) delivers a full report, and all inputs and results are captured within the tool’s own analytics dashboard. Due to the open architecture of the BRYTER platform, the tool’s modular logic can easily be tailored to specific types of business or modified if the rules change at a later date.