Understanding the new UK Global Tariff and trading under preference

Event Information

The UK Global Tariff (UKGT) is the UK's first independent tariff policy which will replace the current EU Common External Tariff (CET) which applies until 31 December 2020. This UKGT will come into force on the 1st January 2021

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’re importing from has a trade agreement with the UK

Join Andrea Collins of The Export Department as she explains the UKGT, what it covers and does not cover, how it is likely to impact your business, and what further data/announcements are to come from the UK government in relation to tariff-rate quotas.

Andrea will also be exploring preferential trade i.e. mechanisms that enable you to import and/or export goods at a lower or nil rate of customs duty and/or levy charge. Examining in particular, the different types of preference agreements in place, how they work and what eligibility criteria and proof are needed in order to trade under those agreements.

This is the fifth in a series of 10 webinars aimed at helping companies prepare for international trading post EU transition period. Future webinars include:

• Imported goods valuation for Customs – ensuring HMRC compliance
• The importance of Incoterms in international contracts
• Managing financial risk and getting paid when trading internationally
• Developing overseas markets and managing international partners
• Effective international supply chain management