Open menu

British Rubber & Polyurethane Products Association

News

UK import tariffs in a no-deal scenario

Posted on 16 March 2019

On 13 March the Government published details of the UK’s temporary tariff regime for no deal, designed to minimise costs to business and consumers while protecting vulnerable industries. The regime would be temporary, and the Government would closely monitor the effects of the 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. Businesses would not pay customs duties on the majority of goods when importing in to the UK if we leave the EU without an agreement. MFN tariffs will remain in place for all products that have a trade remedy in place and are due to be transitioned over in the case of a no deal Exit (58 HS lines). Further detail can be found here.