How will Brexit affect manufacturing firms?

With uncertainty over the UK’s post-Brexit cross-border regime and the length of any transitional period, this leaves businesses in a catch-22 situation.

Waiting until the end of the negotiation period may not leave much time to implement new systems before rules and trading arrangements change.

On the other hand, until it is clear what the new regime will be, it is difficult to know what changes to make.

Ben Chaplin is managing director of Croner Taxwise