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Brexit

UK Global Tariff

5 replies

JumboShitake · 20/11/2020 07:56

Is this a done deal now? I know we submitted it but does it still have to be ratified or whatever the process is through the WTO?

OP posts:
ListeningQuietly · 20/11/2020 13:18

The "WTO" terms for trade are well established.
Here is the UK's tariff :
www.gov.uk/trade-tariff
Here is the EU one :
ec.europa.eu/taxation_customs/dds2/taric/taric_consultation.jsp

To test what duty rates will apply to good moving out of the UK, pretend you are in Venezuela (as they are one of the few countries that trades almost wholly on WTO rules)

To see how complex the process will be,
look up balsamic vinegar
Sad

JumboShitake · 20/11/2020 22:55

Thanks Listening, I'm interested in goods moving into the UK rather than out, so can I assume the UKGT applies unless it's goods from a country with whom we have a Trade Deal? I know there are some other exceptions.

OP posts:
ListeningQuietly · 20/11/2020 23:00

jumbo
so can I assume the UKGT applies unless it's goods from a country with whom we have a Trade Deal? I know there are some other exceptions.
its a big assumption at this stage in the game

JumboShitake · 21/11/2020 11:05

OK thanks Listening thats what I thought...Gov.UK makes it looks as if it's definitely going to apply.

Trying to budget for next year with so many unknowns is a nightmare Hmm

OP posts:
ListeningQuietly · 21/11/2020 13:02

Oh indeed.
Clients of mine are trying to set budgets that have to run until March 2022
its a tad tricky !!!!

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