There will be no impact on businesses, customs or taxation during this period and EU law will continue to apply in the UK. Movement of goods from Northern Ireland to the UK and exports from Northern Ireland to the rest of the world will not be greatly affected.
The Protocol will become operational by 1 January 2021. These changes will be mandatory and stakeholders will be required to be prepared in time. One of the changes includes the introduction of a special VAT registration number for…