This news release is issued to draw attention to the publication of the UK’s new Global Tariff (UKGT). This will replace the EU’s Common External Tariff on 1 January 2021 at the end of the Transition Period and will apply to goods directly imported into the Isle of Man from outside the customs territory of the United Kingdom and the Crown Dependencies, as it will to goods imported into the United Kingdom.
The UKGT was designed following consultation with businesses and engagement with the Crown Dependencies. As it will come into force on 1 January 2021, it is important that Island businesses can familiarise themselves with the new tariff regime ahead of this date by using the UK Global Tariff tool.
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
It only shows the tariffs that will be applied to goods at the border when they’re imported into the customs territory of the United Kingdom and the Crown Dependencies.
It does not cover:
- other import duties, such as VAT
- the precise details of trade remedies measures
- other restrictions on imports, such as anti-dumping, countervailing or safeguards
