11th March, 2020
The United Kingdom left the European Union on January 31st, 2019 following the decision in the 2016 referendum. However, it remains inside the EU VAT regime until 31 December 2020.
On January 31st, 2019, the UK is leaving the political structures of the EU. These include the following –
– EC Council;
– EC Commission;
– EC Parliament; and
– the European Court of Justice (ECJ).
However, as part of an agreed eleven month transition period, the United Kingdom will remain within the EU trading structures:-
– the EU VAT regime;
– the Customs Union; and
– Single Market.