How will ecommerce businesses be impacted by the Brexit trade deal?

<p>Here's a brief summary of the ways in which ecommerce businesses will be impacted:</p><ul><li>Businesses will have to abide by the new import and export rules. We've covered the VAT changes impacting ecommerce businesses in greater detail in our <a href="https://www.goforma.com/business-resources/vat-guide-ecommerce-businesses" target="_blank">guide</a>. </li><li>Businesses may face additional paperwork and customs checks. </li><li>These changes will impact other aspects of your business, such as your supply chain, fulfillment process and pricing. Additional checks may mean a delay in shipping, while the new VAT changes will lead to a rise in costs. As such, businesses may need to decide who will bear the burden of the increased costs, and to assess if revising their prices is necessary.</li><li>UK citizens and companies established solely in the UK will <a href="https://www.lexology.com/library/detail.aspx?g=a6a3258a-1857-410f-a307-fc177841bd5e" target="_blank">no longer be eligible to hold .eu domains</a>. This will likely result in additional costs incurred, as business purchase new domains or undertake the necessary measures to demonstrate compliance with the .eu regulatory framework.</li></ul>