Provided UK and EU are still taking over a possible agreement, we create a document that summizes the EU Exit.
The Implementation Phase expires at 11pm GMT on 31 December 2020, at which time the UK will leave the Customs Union and the Single Market, and consequently the trade procedures will change with immediate effect.
If a trade agreement has not been formalised by 31 December 2020 the UK will leave the EU without an agreement (Hard Brexit).