Following on from the General Data Protection Regulation going live on 25 May 2018, another date for the company diary is 29 March 2019, this being the current scheduled date for the UK to leave the EU aka ‘Brexit’. Like all things Brexit, this date is subject to uncertainty and change- all 28 EU Member States will need to agree all the terms of Brexit and sign the Withdrawal Agreement. The UK will then enter a transition period of two years following exit. UK businesses should start to consider how Brexit will affect the commerciality of their businesses now.
As a member of the European Union, the UK enjoys the four economic freedoms –