UK Government New Global (MFN Applied) Tariff

19th May 2020

Fresh off the press, the UK government published the new Global (MFN Applied) Tariff.

By following this link you can instantly check how the products you import will be affected from the 1st January 2021, when the Brexit transition deal has ended: www.gov.uk/check-tariffs-1-january-2021

Overall, the tariffs in general are closer to the existing EU tariff schedule than the no deal scenario which is good news.

It features a number of initiatives:

  • Liberalisation: Removing tariffs on products which are used in UK production, not made in the UK or are a nuisance tariff of below 2%
  • Simplification: Rounding tariffs down and moving complex agricultural tariffs to a single percentage

£30 billion worth of imports for supply chains are now tariff free backing UK business.

Please check your commodity codes to assess the impact on your business.

You might also be interested in

MEPS International Renew as Stadium Sponsor at The Home of Football

Fri 19th July 2024

Sheffield FC are delighted to announce that MEPS International will remain as our stadium sponsor for the 2024/25 season.

Who ate all the pies?!

Thu 18th July 2024

Sheffield FC are excited to announce our partnership with Pukka Pies will continue for the 2024/25 season.

Propensio Finance Renew Dugout Sponsorship at The Home of Football

Wed 17th July 2024

The Club is delighted to announce Propensio Finance as Dugout and Community Partner for the 2024/25 season.

Quarterly Recruitment Outlook: Construction Suffers As Hiring Difficulties Rise

Tue 16th July 2024

The latest Quarterly Recruitment Outlook (QRO), a survey of more than 4,700 UK firms of all sectors and sizes, by the British Chambers of Commerce (BCC) Insights Unit, reveals hiring problems have increased across all sectors.