On 23 June 2016 the UK electorate voted that the UK should leave the EU. The process of leaving was commenced by invoking Article 50 of the Treaty on European Union on 29 March 2019.
At 11 p.m. GMT on Friday 31 January 2020 Brexit was implemented and the UK entered into the transition period with the EU until which will run until 31 December 2020. The European Union (Withdrawal Agreement) Act 2020 received Royal Assent on 23 January 2020 and is the statute implementing the UK’s withdrawal from the EU into UK law. Trade talks are now underway with the EU and the UK government expects them to be finalised in time for any agreement to be in place by 31 December 2020. The last date by which an extension to the transition period can be agreed is 1 July 2020. Simultaneously, the UK are also engaging with non-EU countries in the next round of trade talks.
To stay up to date with the latest developments on Brexit and the impact it will have on your business please browse our Brexit resources or sign up to our Brexit update and events list.
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