In formal terms the UK left the EU on January 31. However, due to the transition period that is included as part of the Brexit Withdrawal Agreement between the UK and the EU, nothing will change until the end of Transition Period – currently scheduled for December 31, 2020. This means that all existing rules will stay in place during 2020, such as free movement of goods, services and people, Union (VATpaid) status of yachts, and the existing immigration rules.