UK publishes new Post-Brexit Tariff

 

On 19 May the UK published the latest version of its proposed post-Brexit Tariff which will apply from 1 January 2021. Around 60% of tariffs will be zero-rate under this version. The main changes from the current tariff regime appear to relate to Agricultural products, and “rounding down” of rates. Overall the average tariff rate would fall by around 1% from 7%.

 

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