On Oct. 8, UK Treasury made changes relating to preferential tariffs.
UK Treasury issued The Customs (Tariff and Miscellaneous Amendments) (No. 3) Regulations 2024 (StIn 2024/1005), which makes amendments to subordinate legislation previously made under Taxation (cross-border trade) act 2018 (TCTA (UK)).
Those laws provided for UK’s customs, VAT and excise regimes to be in place after the end of the transition period following the UK's withdrawal from the EU.
Follows Mar. 2024 UK GVT amended suspensions, additional duty regs, see #205748.
Follows UK GVT Apr. 2024 updated customs commodity code regulations, see #209988.
Follows Oct. 2024 UK Treasury updated reference document information, see #155998.
Purpose
This instrument contains policy and technical updates to previous tariff legislation.
Updates reference documents on preferential tariffs (lower import duty rates), rules of origin that apply under preferential trade arrangements between UK, other countries.
Also includes changes to reference documents on tariff suspensions and UK’s customs tariff, which detail classifications, duty rates of goods included in UK’s tariff schedule.
The reference documents updated in this instrument have been given legal effect by The Customs Tariff (Establishment) (EU Exit) Regulations 2020 (StIn 2020/1430).
Also by the Customs Tariff (Preferential Trade Arrangements) (EU Exit) Regulations 2020 (StIn 2020/1457); by The Customs Tariff (Suspension of Import Duty Rates) (EU Exit) Regulations 2020 (StIn 2020/1435); as well as by The Customs Tariff (Preferential Trade Arrangements) (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) (Amendment) Regulations 2024 (StIn 2024/424).
Amendments
Instrument amends the definition of Tariff of the United Kingdom in regulation 1 StIn 2020/1430 to replace Tariff of the United Kingdom document with a new version.
New version reduces rate of duty on a commodity code relating to dibromomethane and makes technical amendments to update commodity code structure, descriptions.
Amends StIn 2020/1457 regarding methodology for pro-rating a quota volume in cases where a preferential trade arrangement enters into force part way through a quota period, by reference to the number of days remaining in the quota period.
Amendments to StIn 2020/1457, regulation 9 to provide that the quota volume may be pro-rated by a different methodology where this is set out in the preferential tariff reference document for an arrangement in Schedule 1 to StIn 2020/1457.
Amends StIn 2020/1457, Schedule 1 to give effect to updated versions of the preferential tariff reference documents and origin reference documents applicable in respect of preferential trade arrangements with various countries or territories.
These reference documents update commodity codes to take account of end of year changes, update quota volumes in line with terms of the arrangement, correct errors.
Instrument amends definition of Suspensions of Import Duty Rates Document in StIn 2020/1435 to replace Suspensions of Import Duty Rates Document with new version.
Amend StIn 2024/424 to update references to the preferential tariff reference document and origin reference document applicable in respect of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP Agreement).
These reference documents have been revised to ensure alignment with the terms of the CPTPP Agreement, prior to its entry into force for the United Kingdom.
Effectiveness
Regulation 3(3)(e) in force on Nov. 21, 2024; regulation 3(3)(h) in force Jan. 1, 2025.
Regulation 5 in force immediately before StIn 2024/424 comes into force.
All other provisions of these regulations enter into force on Oct. 30, 2024.
