The UK left the European Union on 31 January 2020 after 47 years of membership, delivering a major setback for European integration.
The UK quit the EU at 23:00 GMT on 31 January 2020.
The UK joined the then European Communities in 1973. The recent euro zone crisis, increasing pressure of European leaders for a closer integration and uncontrollable mass immigration prompted the 52 to 48 percent vote to leave in June 2016.
The country’s withdrawal from the bloc after 47 years of membership is going to deliver a major setback for European integration.
From 1 February, the UK entered a status-quo 11-month transition period running until year-end, during which the UK will remain in both the EU customs union and single market. The transition period is designed to provide time for that new relationship to be agreed while ensuring that business will only need to adapt to non-EU rules once the future deal is agreed.
HMRC has recently sent letters to VAT-registered businesses trading with the EU and/or the rest of the world, highlighting actions necessary to take before the end of the transition period.
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