What Tariffs Apply From 1 January?
From 1 January 2021, there will be new rates of Customs Duty for imports – called the UK Global Tariff.
The Tariff rates for transactions with the EU will depend upon whether or not a deal is reached. For example, if there is no deal with the EU the Tariff on motor cars will be 10% so many car dealers are suggesting that business should consider acquiring a new vehicle before 1 January. To check the tariffs that will apply to goods you import, go to www.gov.uk
For more information on TARIFFS, Book a Free Consultation
Need Accountancy Support?
For information on bespoke training, or if you have any other questions for Makesworth Accountant, please fill in your details below