United Kingdom Internal Market Act 2020
Amends/Commences: New legislation
Comes into force: Section 59 of the Act will commence on Royal Assent (17th December 2020). The other provisions will commence on the day or days appointed by regulations.
Jurisdiction: UK
This Act ensures businesses can continue to trade goods freely and effectively across the United Kingdom following the departure from the European Union.
The Act establishes two principles that apply to goods and services which are known as the 'Market Access Principles'. The market access principles allow organisations to trade without additional barriers based on which UK nation they are in. They also provide access of qualifying goods from Northern Ireland to Great Britain.
There are no direct compliance duties for organisations in this Act.
For more information click here United Kingdom Internal Market Act 2020 | The Compliance People