The UK Department for International Trade has issued anew a message regarding the new UK import tariffs and trading rules, which will take effect in January 2021. The new UK Global Tariff will replace the EU’s Common External Tariff. These tariffs will be applied if there is no free trade agreement between the UK and the EU by 31 December.
Following the meeting of the EU-UK Withdrawal Agreement Joint Committee on Friday, 12 June 2020, the United Kingdom has formally notified the European Union that it will neither accept nor seek any extension to the current Transition Period ending on 31 December 2020.
On 19 March 2019, the UK Government Department for Business, Energy & Industrial Strategy has released two new guidance documents that replace the earlier versions from September 2018. The two guidance documents from the UK perspective are: ‘Placing manufactured goods on the UK market if there’s no Brexit deal’ and ‘Placing manufactured goods on the EU internal market if there’s no Brexit deal’.