On December 31, 2020, the transition period set in the agreement defining the United Kingdom’s withdrawal from the European Union (EU) will come to an end: the United Kingdom (UK), which has been outside the EU since January 31, 2020, will also leave the Single Market and the Customs Union.
To date, no agreement has been reached between the UK and the EU to govern the future relationship. Nevertheless, it is important to note that the vast majority of the conditions applicable from January 1, 2021 are already known: border controls and regulatory formalities will be restored for all EU member states, whether or not an agreement is concluded.
The information below therefore aims to enable your companies to anticipate this deadline by mobilizing all the resources made available by the public authorities. We also attach to this email a presentation of the Ministry of Economy that the Federation attended, which details the main issues and specifies the various aid mechanisms.
a. New customs formalities for the transport of goods to the United Kingdom
b. Developments in tax matters
c. New obligations and changes in regulatory and industrial matters
d. End of freedom to provide services and freedom of movement for workers
2. Practical recommendations
In order to best adapt to the new framework applicable as of January 1, 2021, the resources below are useful to prepare your steps: