Back to News

Temporary tariff regime for a no deal Brexit

For those monitoring the impact of a no deal Brexit the publication released earlier this year by the government highlighting details of the UK’s temporary tariff regime, is a must read.

Designed to minimise costs to business and consumers the tariffs will protect vulnerable industries, however the regime is temporary with up to 12 months application whilst reviewing a permanent approach.

What do you need to know?

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.

Under the temporary tariff, 87% of total imports to the UK by value would be eligible for tariff free access.

Tariffs would still apply to 13% of goods imported into the UK. This includes:

  • a mixture of tariffs and quotas on beef, lamb, pork, poultry and some dairy to support farmers and producers who have historically been protected through high EU tariffs
  • retaining a number of tariffs on finished vehicles in order to support the automotive sector and in light of broader challenging market conditions. However, car makers relying on EU supply chains would not face additional tariffs on car parts imported from the EU to prevent disruption to supply chains
  • in addition, there are a number of sectors where tariffs help provide support for UK producers against unfair global trading practices, such as dumping and state subsidies. Tariffs would be retained for these products, including certain ceramics, fertiliser and bioethanol
  • to meet our long-standing commitment to reduce poverty through trade, the government currently offers preferential access to the UK market for developing countries. To ensure that access for developing countries is maintained, we would retain tariffs on a set of goods, including bananas, raw cane sugar, and certain kinds of fish

More information on the government website can be found here.

Back to News

Sea-Air Services: The Ideal Solution to Suez Canal-Driven Disruption?

The COVID-19 pandemic, port congestion and equipment shortages have meant supply chains across the globe have faced unprecedented challenges over the last year. Now, following the ...

Read more.

The Ever Given is Forever Giving!

At approximately 13:00hrs GMT today the Ever Given was successfully re-floated in the Suez Canal, and is presently on route to the Great Bitter Lake accompanied by several large tu...

Read more.

Suez Canal Blockage

On Tues 23rd March 2021 one of the world's largest shipping vessels 'Ever Given', run aground causing Egypt's Suez Canal to be blocked. With authorities currently scrambling to ref...

Read more.