Trading internationally from 1 Jan 2021
- For exporting, the UK’s DIT have developed a new tool which can be used to check the tariffs applied against your products at their destination, as well as providing helpful information on what accompanying documentation, certificates and regulatory barriers need to be met to export to that country.
The check duties and customs tool is available here:
https://www.gov.uk/check-duties-customs-exporting
- For importing goods to the UK, a new tariff schedule will come into place from 1 January, known as the UK’s Global Tariff Schedule.
To check what tariffs will be in place for imports from countries without an FTA with the UK (also known as trading on MFN terms), use this tool:
https://www.check-future-uk-trade-tariffs.service.gov.uk/tariff
- In order to check which trade agreements have already been agreed for roll over from previously signed EU agreements, and which are yet to be signed, the latest information is available at this link:
It is important that you cross-reference your export markets with this list and build in an assessment of risk to your 2021 forecasts. If you have specific questions, please feel free to contact us.
By clicking into individual agreements that have been signed you will be able to access further information on how to trade with each country from 1 January.
New agreements and agreements under negotiation
The UK continues to negotiate with a variety of countries to expand the number of Free Trade Agreements in force.
In October, the UK signed an improved agreement with Japan. Details of this agreement can be found here:
https://www.gov.uk/government/collections/uk-japan-comprehensive-economic-partnership-agreement
Rollover agreements such as with Canada are also being signed. The UK is also involved in ongoing negotiations with Australia, New Zealand and the United States. None of these agreements are likely to enter into force for 1 January 2021. 4 Eyes Ltd will keep you informed of any developments.
Trading with the EU from 1 January 2021
The integrated tariff of the United Kingdom
- Volume 1 - General information, prohibitions, restrictions, licensing and VAT rules
- Volume 2 - Commodity codes, restrictions and duty rates, tariff measures - look up commodity codes, duty and VAT rates
- Volume 3 - Guidance codes and procedures to use when importing or exporting goods using the Customs Declaration Service (CDS)
UK Government
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HM Revenue and Customs - Website for UK tax authority
- Check a UK VAT number - Validate a UK VAT number
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HM Treasury - Website for UK Treasury
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UK stamp and property taxes - UK Stamp and other taxes on property
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UK legislation - Government site providing access to UK legislation
- Department for International Trade
- Financial sanctions targets - List of UK asset freeze targets
- UK market access database - Check duties and customs procedures for exporting goods
- List of goods imported into Great Britain from the EU that are controlled - Normal import declaration rules will be required wef 1 January 2021
- Valuation of imported goods for customs, VAT and trade statistics - Notice 252
- Customs procedures codes - Box 37 of CHIEF (refer instead to s3 of Integrated Tariff if using CDS)
European Union
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VIES VAT number validation - EUROPA site to validate EU VAT numbers
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EU country specific VAT guide - Basic VAT information for the Member States
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EU customs trader portal - Single point to access customs systems
Customs sources
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TARIC - EU integrated tariff
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CITES - Convention of International Trade in Endangered Species if Wild Fauna and Flora
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International Combined Nomenclature (ICN) - numerical system of product classification
Legal reporting
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British and Irish Legal Institute (Bailli) - UK and Irish case law
Local Chambers of Commerce
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London Southside Chamber of Commerce - Representing South London business
- Cornwall Chamber of Commerce
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