Temporary duty and tariff suspensions for certain importing goods into the UK

The UK government has announced plans to introduce a new tariff suspension scheme. This new scheme will help UK organisations become globally competitive.

Duty suspensions for products which previously exist in the UK. It is under the EU suspensions regime have been carried over into the UK’s independent regime. They have been retained and provided they came into force before. As part of, the EU’s July 2020 update to ensure continuity for UK businesses.

A number of EU Autonomous Tariff Quotas (ATQs) have also been transitioned into tariff suspensions in the UK’s independent suspensions regime. This means that there is no volume limit for the reduce rate apply to these goods. This includes some fish products, which previously had ATQs applied to them under the EU regime.

All current duty suspensions roll over from the EU regime including EU ATQs changed to duty suspensions. It will extend beyond 31 December 2021. This will not apply where the UK Global Tariff (UKGT) rate is already 0%. As such, there is no need to apply for these during the 2021 application window. All current ATQs 5 on fish and one on raw cane sugar will review separately.

This will do for allowing companies to request that duties be partially or wholly reduced for a set period. This in turn will result in lowering the cost of importing raw materials and decreasing production costs. Once a suspension has been introduced. All UK importers will able to benefit from the reduce rate.

The new scheme will launch from 1 June 2021. It will allocate suspensions base on the needs of firms in the UK and the wider economy. Prior to Brexit, firms had to submit applications to the EU bloc to request suspensions. Which then had to assessed by all member states.

The government has also confirmed that existing duty suspensions. The government has rolled over from the EU will extend beyond 31 December 2021.