20 March 2018

UK and EU negotiators publish joint text of Brexit Withdrawal Agreement

At a press conference on March 19, David Davis (for the United Kingdom (UK)) and Michel Barnier (for the European Commission and the European Union Member States (EU27)) acclaimed a joint text of the Withdrawal Agreement as a "decisive step" in negotiations. The text published follows negotiations over the weekend and includes the proposals for a transition agreement ending in December 2020. During that transition period, the UK will remain subject to EU law, within the single market and the Customs Union. The UK will be able to negotiate, sign and ratify trade agreements during the transition period and these will come into force at the end of the transition period, unless an earlier date is agreed with the EU.

A Global Tax Alert, attached below, provides additional details.

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Document ID: 2018-0606