Brexit transition period: Difference between revisions
imported>Doug Williamson (Update. Source: ICAEW.) |
imported>Doug Williamson (Update for end of transition period.) |
||
| Line 9: | Line 9: | ||
On 24 December 2020 the UK and European Commission agreed the terms of a post-Brexit free trade agreement | On 24 December 2020 the UK and European Commission agreed the terms of a post-Brexit free trade agreement agreement that came into provisional application - subject to parliamentary ratification by the UK and the EU - from 1 January 2021. | ||
Revision as of 23:50, 1 January 2021
The Brexit transition is a period under the UK-EU withdrawal agreement in which the UK is no longer a member of the EU, but continues to be subject to EU rules and remain a member of the single market and customs union.
It is due to run from 1 February 2020 to 31 December 2020.
The transition period was designed to allow the UK to continue its current relationship with the EU while future security cooperation and trading relationships are negotiated.
The UK government does not use the term transition: instead it refers to this period as an “implementation period”.
On 24 December 2020 the UK and European Commission agreed the terms of a post-Brexit free trade agreement agreement that came into provisional application - subject to parliamentary ratification by the UK and the EU - from 1 January 2021.
See also
- Article 50
- Brexit
- Brexit Britain
- Brexit Day
- Brexodus
- Cliff edge
- Customs union
- Department for Exiting the European Union
- Department for International Trade
- Equivalence
- European Commission
- European Economic Area
- European Free Trade Association
- European Union
- European Union (Withdrawal Agreement) Act 2020
- Free trade agreement
- Frexit
- Grexit
- Hard Brexit
- Make UK
- No Brexit
- No Deal
- Parliamentary supremacy
- Passporting
- Schengen Area
- Single Market
- Sovereignty
- United Kingdom
- Withdrawal Agreement
