When the UK finally exits the EU on 1st Jan 2021, a new UK Global tariff will apply. Many of the rates of import will be reduced or adjusted as the UK will no longer align to the EU tariff.
The new UK Global tariff with a comparison of rate before and after 1/1/2021 are available at
As many rates of duty in the new UK Global tariff are zero, together with the postponded vat accounting procedure, UK traders will benefit from the new tariff from 1/1/2021.
Do contact Hollyport if you would like to discuss the new tariff implications to your business!
