With the European Parliament having given their view, all of the procedural requirements for the UK leaving the EU have been completed ahead of tomorrow’s deadline. The one remaining question is – what happens next? | From Saturday 1 st February (technically 23.01 on 31 st Jan!) the UK enters the formal transition period as per the withdrawal agreement. Therefore until 31 st December 2020 the UK will continue to operate to EU rules. As such there are going to be very few, if any, discernable differences in how we trade with the EU, import or export. Procedures will therefore remain unchanged.