The United Kingdom is set to impose new tariffs on foreign steel imports to protect domestic producers from a "flood of cheap steel imports." The government will impose new "safeguard" import restrictions on several developing nations while announcing a two-year extension of tariffs on developed countries and China. Anne-Marie Trevelyan, secretary of international trade, proposed a two-year [...]
Continue reading
As a result of the introduction of additional port health checks in January, the EU import controls for food imports from the EU were expected to take effect from July. However, the UK government has acknowledged that these extra checks would have worsened the impact of the pandemic, January's statements, GVMS, and Russia's invasion of [...]
Continue reading
The UK has negotiated a far-reaching trade deal with New Zealand that will remove trade restrictions on a vast range of UK goods and services and give new opportunities for British firms. The deal was signed by International Trade Secretary Anne-Marie Trevelyan and New Zealand Minister for Trade and Export Growth Damien O’Connor. After achieving [...]
Continue reading
Brexit shaves a record £20 billion off UK exports in a single year, while EU imports also decline. According to recent estimates, the UK's exports to EU countries fell by a record £20 billion in just 20 months. Sales to the EU fell more than any other country in 2021, according to ONS statistics, as [...]
Continue reading
New requirements for the importation of goods of animal origin (POAO) and animal by-products (ABP) from the European Union (EU) to the United Kingdom (UK) (GB) Beginning January 1, 2022 Following the Government's declaration in September 2021 that some EU-GB Sanitary and Phytosanitary (SPS) import regulations would take effect on 1 July 2022, we want [...]
Continue reading
From 1 January 2022, you will no longer be able to delay making import customs declarations under the Staged Customs Controls rules that have applied during 2021. Most customers will have to make declarations and pay relevant tariffs at the point ofimport. Before 1 January 2022, you should consider how you are going to submit [...]
Continue reading
Since 1 October 2021, certain movements between the United Kingdom and the European Union require EXS disclosures. Additionally, HMRC has made some minor adjustments to the GOV.UK document Safety and Security Requirements on Imports and Exports; these changes are detailed below. The following modifications have been made to the document's body: Removal of the temporary [...]
Continue reading
HMRC's annual report for 2020-21 indicates that the pandemic has damaged not only its day-to-day operations, tax revenues, and customer service, but also has the potential to jeopardise the implementation of the new plastic packaging tax and the updating of HMRC's telephonic services. The Tax Faculty summarises the important points. Unsurprisingly, the study concentrates on [...]
Continue reading