UK Tariffs from 1 January 2021

From 1 January 2021, the UK will apply a UK-specific tariff to imported goods. This UK Global Tariff (UKGT) will replace the EU's Common External Tariff, which applies until 31 December 2020.

The UKGT will apply to all goods imported into the UK, unless:

  • an exception applies, such as a relief or tariff suspension
  • the goods come from countries that are part of the Generalised Scheme of Preferences
  • the country you are importing from has a trade agreement with the UK

It only shows the tariffs that will be applied to goods at the border when they are imported into the UK.

It does not cover:

  • other import duties, such as VAT
  • the precise details of trade remedy measures, such as anti-dumping, countervailing and safeguards

VAT Changes

VAT will be levied on consignments of EU goods exceeding £135 in value following the same rates and structures as are applied for the Rest of the World imports.

VAT-registered importers will be able to use postponed VAT accounting and different rules will apply to consignments valued at less than £135.

To check the trade tariffs, please click here.

Get In Touch

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We offer an initial consultation free of charge which gives us the chance to meet and discuss your needs, with no obligation.

Accountants in Solihull

Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH

0121 693 5000

Accountants in Bromsgrove

Five Mile House, 128 Hanbury Road, Stoke Prior, Bromsgrove, B60 4JZ

01527 833124

Accountants in Coleshill

112 High Street, Coleshill, Warwickshire, B46 3BL

01675 466344

Jerroms is a trading style of both Jerroms Business Solutions Limited 08923059 and Jerroms (Bromsgrove) Limited 08433008.
Registered office for each of these companies is: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH