ANAF notification on the impact of BREXIT

17 Feb 2020

The National Agency for Fiscal Administration (ANAF) has published a notification confirming the following:

The United Kingdom of Great Britain and Northern Ireland withdrawal process from the European Union (BREXIT) was finalised on 31 January 2020. 

In accordance with the Withdrawal Agreement signed by both parties, there will be a transitional period from 1 February 2020 to 31 December 2020, during which the UK will continue to respect the EU  acquis, including its fiscal and customs policies. 

During this transitional period, the UK retains the rights and obligations of an EU Member State, but will not participate in decision-making mechanisms and will not be represented in EU institutions. 

The two signatory parties to the Withdrawal Agreement, the EU and the UK, will plan and prepare a new partnership for future relations by 31 December 2020.

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