Brexit
Information on taxes, customs and financial services
On 29 March 2017, the United Kingdom notified its intention to leave the EU. In order to be prepared for the exit from the EU and to make it as smooth as possible, the EU and the UK have negotiated a “Withdrawal Agreement” and a political declaration on the future relationship. The United Kingdom should have left the EU by the end of March 2019. The UK Parliament’s disapprobation of the withdrawal agreement led to several postponements of the withdrawal, after which negotiations between the EU and the UK were resumed, resulting in an adjustment of the Withrawal Agreement and political declaration on the future relationship. The EU quickly accepted this negotiation result and on 22 January 2020, the British Parliament adopted the Ratification Act for the Brexit Agreement.
On the basis of this agreement, the United Kingdom left the EU on 1st February.Negotiations on the future relationship between the EU and the United Kingdom were successfully concluded on 24 December 2020.
Further information
The Council of the EU has made all the negotiation steps and relevant documents available on a website. In addition, the European Commission has launched a website with relevant Brexit information, as well as a web-page with extensive questions and answers about the Brexit.
The Federal Ministry of Finance has compiled information on the subject for the following areas: