The United Kingdom (United Kingdom) left the European Union (EU) on 31 January 2020. A transitional period is now in effect until 31 December 2020. During this period, the UK will have to comply with all EU rules and legislation. For businesses and the public, virtually nothing will change. After the transition period, there will be changes, whether or not an agreement is reached on the new relationship between the UK and the EU. The agreement also provides for a transitional period, which will last until 31 December 2020 and can be extended by mutual agreement. During the transitional period, EU legislation will continue to apply to the UK (including participation in the European Economic Area, the internal market and the customs union) and the UK will continue to contribute to the EU budget, but the UK will not be represented in EU decision-making bodies. The transition period will give businesses time to adapt to the new situation and the new era, so that the British and European governments can negotiate a new trade agreement between the EU and the UK.   As of 1 January 2021, the United Kingdom will no longer be part of the internal market or customs union. Even if an agreement on future relations is reached by the end of the year, the EU`s relationship with the UK will change radically and will be very different from those of the UNITED Kingdom, which was a member of the single market.
Take, for example, the customs and tax formalities that will then be necessary. Like the EU Member States, citizens and businesses in Germany and the EU as a whole must adapt to these consequences of the end of the transition period, whether or not an agreement is reached on the future partnership with the UK. This is the third time the British Parliament has rejected the agreement. Britain has until 12 April 2019 to decide what to do next: Boris Johnson has officially signed the EU withdrawal agreement and smiles as he described it as a “fantastic moment” for the country. The copy of the signed agreement was sent in a diplomatic bag for the Prime Minister`s signature in Downing Street. On Thursday, the withdrawal agreement received royal approval from the Queen. EU-27 leaders have proposed extending Brexit until 22 May 2019. It will be granted if the British Parliament approves the withdrawal agreement next week. Otherwise, EU leaders agree to postpone Brexit until 12 April 2019 and expect Britain to “point a course forward before that date.” “We are pleased with today`s agreement, but we must not forget that the most difficult challenge remains.” The Council prepared the Extraordinary European Council (Article 50) of the EU-27, scheduled for Sunday 25 November 2018, and spoke on draft political declarations on future relations between the EU and the UK.