2020 has been a tough year and that's putting it mildly. The
countdown on new year's eve will not only mean the coming of a
new hopeful year, but also the coming of something big. With the
transition period expiring on the 31st December 2020,
brace yourself - Brexit is coming!
In January 2020, the United Kingdom ('UK') formally left
the European Union ('EU') with a deal referred to as the
Withdrawal Agreement, which set out the process to be followed to
allow the departure to be run as smoothly as possible. This
Agreement did not however set the terms of the relationship between
the UK and the EU going forward - these terms were to be agreed
during the following 11 month transition period. During this
transition period to negotiate the future relationship, the UK
still traded within the EU and followed EU rules as it had
before.