The 31st January 2020 marked the end of the UK’s membership of the European Union and the start of the ‘transition period’. This transition period draws to an end on 31st December 2020, during which it was hoped that the UK could successfully secure a trade agreement with the EU. However, on Monday 14th September, the Internal Market Bill was debated in Parliament, and passed its initial vote (with further steps to follow prior to becoming law in the UK). This new legislation would enable the UK Government to override part of the Withdrawal Agreement.
As such, with less than four months until the transition period ends, the situation is far from ideal for UK businesses to plan appropriately. In fact, it’s quite confusing at the moment as to what businesses in our industry should be preparing for.
To help provide some clarity we have updated the Brexit guidance on our website. It is our understanding that some of the information below is subject to change as a result of on-going negotiations, so please keep this in mind and utilise the links below to government published information on each of the subjects relevant to our industry.
We will of course be updating this section as further detail is released.