As per a letter sent from Michael Izza to all ICAEW members:
Tax Investigation Insurance"These are very uncertain times for business. On Brexit, ICAEW has made it clear that Government must make the avoidance of a disorderly exit from the EU its top priority. However, as 31 October approaches, there is a strong possibility that the UK is heading towards a No-Deal Brexit and all that this might entail.
As a professional body, ICAEW wants to help its members prepare for all scenarios. Over the last year, we have brought together on our website a suite of resources which provide expert guidance around the issues that you and your business will face in different situations, including No-Deal. You can find these on the Brexit Hub.
It is now time to step-up the pace. We believe that chartered accountants, both in business and in practice, have a potentially vital role to play in the next month or so, and I am pleased that this view is shared by Government.
ICAEW has received a grant from the Department for Business, Energy and Industrial Strategy’s Brexit Business Readiness Fund and we are using this to improve the quality and reach of our practical support to members.
We have produced a Brexit checklist summarising the ten key issues that ICAEW members should consider in the lead up to 31 October. These leaflets are being mailed to members now and will also signpost you to further and more detailed resources on our Brexit Hub, including free-to-access webinars. "
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