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A chance for businesses to reduce their post-Brexit customs duty bill – UK tariff suspensions

Jessica Yang
Director, JY XBorder Consulting LLC, Switzerland
Toby Spink
Director, BKR Consultants Limited, United Kingdom of Great Britain and Northern Ireland
Published 22 May 2021
A chance for businesses to reduce their post-Brexit customs duty bill – UK tariff suspensions
Photo by Katerina Pavlyuchkova on Unsplash
Topic spotlight
Exactly a year following the publication of the UK’s Global Tariff, the UK government announced on 20 May 2021 that the UK will launch its own tariff suspension scheme, tailored to the needs of UK businesses. This means legible goods will benefit from paying no customs duties upon import into the UK. As a UK business paying customs duties currently, this is a window of opportunity to apply for a tariff suspension to reduce your future customs duty bill. What does this mean in practice, and who can apply for this benefit?

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