As listeners will be aware, after leaving the EU on 31 January 2020 the UK entered into the transition period, which from a regulatory perspective maintained the status quo until 31 December 2020. At 11pm on 31 December the UK exited the post-Brexit transition period and entered into a new trade agreement with the EU.

This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.