If you are not already using this or aware of it, then here at Eley Consultancy Ltd we wanted to bring to your attention the Governments ‘UK Global Tariff Tool’ that is coming into effect on the 1st January 2021.
You will be able to use this new UK Global Tariff Tool to check the UK Global Tariff that will apply to goods that you import from 1 January 2021.
You can also check the difference between what you pay now and what you’ll pay from 1 January 2021.
The UK Global Tariff will apply to all goods you import from 1 January 2021 unless an exception applies. For example, the goods you’re importing:
- are from a developing country that pays less or no duty because it’s part of the Generalised Scheme of Preferences
- are from a country that has a trade agreement with the UK
- have a relief or tariff suspension that’s operated by the UK
This new tool will replace the current common external tariff.
You can access the new UK Global Tariff Tool here:
Source: Gov.UK