The British House of Lords formally approved the Withdrawal Agreement. The European Parliament must approve the agreement in its upcoming vote, which is scheduled for 29.01.2020. Nothing will change in the area of customs and VAT law, at least for the time being. The transitional period is set to conclude on 31.12.2020. However, a one-off extension for up to one or two years can be agreed upon (prior to 01.07.2020).
Source: kmlz.de
