No-deal Brexit: UK Government Publish Draft Tariffs
UK has published draft tariffs in preparation for a no-deal Brexit.
Temporary tariff regime for no deal Brexit published
Government has published details of the UK’s temporary tariff regime for no deal Brexit, designed to minimise costs to business and consumers while protecting vulnerable industries.
This regime is temporary, and the government would closely monitor the effects of these tariffs on the UK economy. It would apply for up to 12 months while a full consultation and review on a permanent approach to tariffs is undertaken.
With Brexit Agreement
British businesses would not pay customs duties on the majority of goods when importing into the UK if we leave the European Union without an agreement.
Temporary Tariff
Under the temporary tariff, 87% of total imports to the UK by value would be eligible for tariff free access.
Duty Tariffs
Tariffs would still apply to 13% of goods imported into the UK.
Source: Department for International Trade
If you would like more details, please call +44 (0) 118 932 8447 or email info@icsglobalservices.com
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