Interpreting the UK's new tariff regime
Trade & Manufacturing
The UK government has published today the UK’s future MFN tariff schedule - the UK Global Tariff (UKGT). This proposed schedule will replace the EU’s Common External Tariff (CET) on 1 January 2021 and will apply to all imports into the UK on an MFN basis under ‘WTO terms’. Its main trust has been on simplification and, in parts, also liberalisation.