Brexit may have a number of implications for your construction business and there are a number of steps businesses can take to ensure they minimise any disruption to their operations.
UK notified bodies are no longer authorised to certify the compliance of products with EU rules and standards in respect of specific regulatory controls, public safety and health.
For businesses that currently rely on UK Notified Bodies for conformity assessment certificates, it is vital to source an alternative approved Notified Body established in the EU. This may involve transferring existing certificates to a Notified Body in another EU Member State or obtaining new ones altogether.
Many businesses have already taken steps to address this issue. Companies that source products, requiring EU certification, from the UK should engage with their EU-based Notified Bodies. The European Commission’s NANDO website also provides a list of designated EU Notified Bodies as well as a list of Irish-based Notified Bodies.
- If you buy or sell your materials from or to the UK, or move them through the UK, you must consider the impact on your supply chain . This includes consideration of the use of the UK Landbridge to transport materials. Please see our Transport and Logistics section for further information.
- If you buy or sell your materials from or to the UK you will need to be aware of the new customs arrangements and the impact they will have on your business.
Sterling and euro volatility is a key concern and challenge for all Irish businesses across all sectors and markets, including the construction sector. Brexit may also have an impact on your business’ working capital needs.
Businesses are advised to assess their currency exposure and take steps to mitigate against any risks. Guidance on managing working capital is also available on the Department of Business, Trade and Employment’s Getting Brexit Ready website.
There is also more information available on the range of Government Brexit Advisory, Financial and Upskilling Supports . This includes a possible grant to secure some professional advice on currency management. You are also advised to contact your financial advisor, your accountant, or any professional bodies you are a member of to see if they have additional advice for you.
For more general information on other issues, that may affect your business after the transition period, please see Brexit and Business .
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