This blog was last updated on August 2, 2021

In an interview with Spend Matters this week, Andy Hovancik, CEO of Sovos Compliance, advised businesses to take time to think through the implications of Brexit and assess how their business may be affected. The next step is to put mitigation plans in place for how your organization will respond to possible changes. “Brexit didn’t kill pragmatism,” Hovancik said. “And I think that is where you go back as a business and you say, you have to plan for this but you don’t have to overreact.” To learn more about how your business can start preparing now in the wake of Brexit, read Eight Ways Tax Changes Could Affect Businesses in the UK and Europe after Brexit. Sovos Compliance is a global leader in tax and business-to-government compliance software.