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imported>Doug Williamson
(Update for end of transition period.)
 
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The Brexit transition was a period under the UK-EU withdrawal agreement in which the UK was no longer a member of the EU, but continued to be subject to EU rules and remain a member of the single market and customs union.
== Summary ==
 
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It ran from 1 February 2020 to 31 December 2020.
 
 
The transition period was designed to allow the UK to continue its previous relationship with the EU while future security cooperation and trading relationships were negotiated.
 
The UK government did not use the term transition: instead it refered 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]]
 
 
=== Other links ===
[https://www.treasurers.org/hub/technical/brexit Brexit - ACT Resources]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Latest revision as of 09:27, 27 July 2023

Summary

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