The government has released papers advising people and companies what they need to prepare for if there is a no-deal Brexit.
Here is what ministers are saying could happen:
DAY-TO-DAY FINANCE
:: There will be some changes to Value Added Tax (VAT) rules if Britain leaves the EU without a deal
:: Britain says without EU action, a no-deal brexit would mean EU customers cannot use investment banks in UK
:: A no-deal Brexit could increase costs and processing time for transactions in euros
:: Credit card payment costs are likely to increase
MEDICINES AND HEALTH
:: TheUK will have its own processes and systems to manage human medicines and devices regulation
:: Unnecessary complexity in medicine regulation will be avoided by following existing processes
:: Companies will have to submit regulatory information on medicines, medical devices and e-cigarettes directly to the UK's Medicines and Healthcare products Regulatory Agency (MHRA)
:: UK will continue to accept batch testing of medicines carried out in European countries that are approved by the MHRA
:: UK will require a UK, EU or EEA-based qualified person to certify batch testing of medicines
:: UK will recognise medical devices approved for the EU market and CE-marked
:: EU blood directives would no longer apply to UK; government working to ensure day-one operability for blood safety and quality
TRADE AND BUSINESS
:: UK import tariffs after a no-deal Brexit may be different to the EUs current tariffs
:: The EU would apply customs and excise rules to goods it receives from UK
:: UK to seek to transition all EU free trade agreements from the first day after a no-deal situation begins
:: UK authorities would seek to minimise delays and additional burdens for legitimate trade and ensure compliance
:: Britain will create a financial regulator "general transitional tool" to ease impact in event of no-deal Brexit
:: Britain says it is willing to take unilateral action to ease the impact of a no-deal Brexit on financial services, but EU must also take action
:: Britain says the country is ready to agree a co-operation agreement with EU to avoid disrupting cross-border mutual funds sector
:: Companies should consider renegotiating commercial terms to reflect any changes in UK customs and exercise procedures, as well as new tariffs
:: UK companies will need to pay VAT and import duties for EU goods unless goods are in a duty suspension
:: Britain will introduce postponed accounting for import VAT on goods brought into the UK if it leaves the EU without a deal
:: There is currently no intention to immediately change classification of imports if a no-deal Brexit occurs
:: Declarations will be needed when EU goods enter the UK or when UK goods leave for the EU
:: The carrier of goods would also need safety and security declarations to move goods
:: Britain will create a subsidy control framework to ensure the continuing control of anti-competitive subsidies in a no-deal scenario
:: UK intends to continue offering unilateral trade preferences to developing countries
NUCLEAR
:: All operators in the UK civil nuclear sector will need to comply with a new safeguards regime
:: A new domestic nuclear safeguards regime will come into force and be run by the Office for Nuclear Regulation
:: Euratom ownership of special fissure material in the UK will end and operators will have full ownership
More from Brexit
STATE AID
:: EU state aid rules will be transposed into UK law, mirroring existing block exemptions as allowed under the current rules
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